Kestra Investment Management LLC Acquires 13,653 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Kestra Investment Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.8% in the fourth quarter, Holdings Channel reports. The firm owned 139,788 shares of the company’s stock after purchasing an additional 13,653 shares during the quarter. Kestra Investment Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $34,990,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $25,000. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $26,000. Finally, United Financial Planning Group LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $28,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $303.60 on Tuesday. The firm has a 50-day moving average of $270.51 and a 200-day moving average of $258.25. iShares MSCI USA Momentum Factor ETF has a one year low of $223.47 and a one year high of $307.96. The company has a market cap of $22.16 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Profile

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.