Tandemgrowth Financial Advisors LLC Takes Position in iShares MSCI USA Momentum Factor ETF $MTUM

Tandemgrowth Financial Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,825 shares of the company’s stock, valued at approximately $457,000. iShares MSCI USA Momentum Factor ETF comprises about 0.4% of Tandemgrowth Financial Advisors LLC’s investment portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTUM. Bison Wealth LLC raised its position in iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the last quarter. Empowered Funds LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $2,488,000. Russell Investments Group Ltd. raised its position in iShares MSCI USA Momentum Factor ETF by 15.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after purchasing an additional 128 shares during the last quarter. First Trust Advisors LP purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $350,000. Finally, Qube Research & Technologies Ltd raised its position in iShares MSCI USA Momentum Factor ETF by 543.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after purchasing an additional 107,665 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $319.01 on Friday. The company has a fifty day moving average price of $289.67 and a 200 day moving average price of $264.70. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $331.49. The company has a market cap of $23.29 billion, a price-to-earnings 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.