Van Hulzen Asset Management LLC Buys 3,166 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Van Hulzen Asset Management LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 32.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,068 shares of the company’s stock after buying an additional 3,166 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,480,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MTUM. IPG Investment Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at $208,000. Cidel Asset Management Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $246,000. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.3% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,966 shares of the company’s stock valued at $2,045,000 after purchasing an additional 405 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 79.4% in the 2nd quarter. IFP Advisors Inc now owns 31,818 shares of the company’s stock valued at $10,908,000 after purchasing an additional 14,085 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 20.9% during the 2nd quarter. Baird Financial Group Inc. now owns 102,369 shares of the company’s stock worth $35,095,000 after buying an additional 17,682 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $309.29 on Thursday. The firm has a 50 day simple moving average of $307.87 and a 200 day simple moving average of $291.87. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The company has a market cap of $22.58 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.