Nan Shan Life Insurance Co. Ltd. Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Nan Shan Life Insurance Co. Ltd. acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 54,183 shares of the company’s stock, valued at approximately $18,576,000. Nan Shan Life Insurance Co. Ltd. owned 0.07% of iShares MSCI USA Momentum Factor ETF at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its stake in iShares MSCI USA Momentum Factor ETF by 3.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after purchasing an additional 229,850 shares during the period. LPL Financial LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after buying an additional 652,414 shares during the last quarter. Raymond James Financial Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 5.0% in the 4th quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock valued at $804,990,000 after acquiring an additional 152,723 shares during the period. Corient Private Wealth LLC increased its position in iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after acquiring an additional 1,332,181 shares during the period. Finally, State of Michigan Retirement System raised its stake in iShares MSCI USA Momentum Factor ETF by 4.1% during the 1st quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock valued at $321,608,000 after acquiring an additional 52,800 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 1.3%

Shares of MTUM stock opened at $296.52 on Wednesday. The company has a market capitalization of $21.65 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s 50 day moving average is $311.40 and its two-hundred day moving average is $289.67. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59.

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.