Polaris Investment Advisors LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Polaris Investment Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,717 shares of the company’s stock, valued at approximately $3,183,000. iShares MSCI USA Momentum Factor ETF makes up about 2.3% of Polaris Investment Advisors LLC’s portfolio, making the stock its 14th largest position.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 4.1% during the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after purchasing an additional 120,851 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock valued at $339,023,000 after purchasing an additional 90,841 shares in the last quarter. Bank of America Corp DE boosted its stake in iShares MSCI USA Momentum Factor ETF by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock valued at $317,742,000 after purchasing an additional 94,881 shares in the last quarter. State of Michigan Retirement System increased its position in shares of iShares MSCI USA Momentum Factor ETF by 1.4% during the 3rd quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after purchasing an additional 17,400 shares during the period. Finally, Cerity Partners LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 2.6% during the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock valued at $295,418,000 after purchasing an additional 29,230 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $230.77 on Tuesday. The company has a market capitalization of $16.85 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s fifty day moving average is $250.34 and its 200-day moving average is $251.65. iShares MSCI USA Momentum Factor ETF has a one year low of $171.51 and a one year high of $262.10.

About iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is based on the MSCI USA Momentum SR Variant index. The fund tracks an index of large- and mid-cap US equities, selected and weighted based on price appreciation over 6- and 12-month periods and low volatility over the past 3 years. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.