Spectrum Strategic Capital Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the 4th quarter, Holdings Channel reports. The firm acquired 3,979 shares of the company’s stock, valued at approximately $996,000.
Several other hedge funds also recently added to or reduced their stakes in MTUM. Dagco Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Triumph Capital Management purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $25,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $26,000. United Financial Planning Group LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000. Finally, Howe & Rusling Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 425.0% during the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after buying an additional 102 shares during the period.
iShares MSCI USA Momentum Factor ETF Price Performance
MTUM opened at $298.27 on Monday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $223.47 and a 52 week high of $307.96. The business has a fifty day simple moving average of $264.12 and a 200-day simple moving average of $256.35. The firm has a market cap of $21.77 billion, a P/E ratio of 28.67 and a beta of 1.02.
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.
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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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