IFP Advisors Inc raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 79.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 31,818 shares of the company’s stock after acquiring an additional 14,085 shares during the period. IFP Advisors Inc’s holdings in iShares MSCI USA Momentum Factor ETF were worth $10,908,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Cary Street Partners Financial LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $25,000. Triumph Capital Management acquired a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $25,000. Eagle Bay Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC raised its position in iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 67 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000.
iShares MSCI USA Momentum Factor ETF Trading Up 2.1%
iShares MSCI USA Momentum Factor ETF stock opened at $314.73 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The stock’s 50 day simple moving average is $316.52 and its two-hundred day simple moving average is $284.65. The firm has a market cap of $22.98 billion, a PE 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.
Read More
- Five stocks we like better than iShares MSCI USA Momentum Factor ETF
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
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).
Receive News & Ratings for iShares MSCI USA Momentum Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI USA Momentum Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
