Integrated Advisors Network LLC Has $2.36 Million Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Integrated Advisors Network LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 78.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,846 shares of the company’s stock after purchasing an additional 4,335 shares during the quarter. Integrated Advisors Network LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,363,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $25,000. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $25,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $26,000. Finally, Financial Network Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 2.9%

Shares of BATS:MTUM opened at $312.44 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The business has a fifty day simple moving average of $313.33 and a 200 day simple moving average of $274.86. The firm has a market cap of $22.81 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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.