1,901 iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by West Financial Advisors LLC

West Financial Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 59.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,092 shares of the company’s stock after buying an additional 1,901 shares during the period. West Financial Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,616,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. James J. Burns & Company LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 6.8% during the third quarter. James J. Burns & Company LLC now owns 1,128 shares of the company’s stock worth $358,000 after acquiring an additional 72 shares during the period. Capital Investment Advisors LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 11.8% in the third quarter. Capital Investment Advisors LLC now owns 17,905 shares of the company’s stock valued at $5,682,000 after acquiring an additional 1,895 shares during the period. Royal Fund Management LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 2.7% in the third quarter. Royal Fund Management LLC now owns 42,900 shares of the company’s stock valued at $13,614,000 after acquiring an additional 1,141 shares during the period. McCarley & Cook Financial Planners lifted its holdings in iShares MSCI USA Momentum Factor ETF by 15.1% in the third quarter. McCarley & Cook Financial Planners now owns 2,374 shares of the company’s stock valued at $753,000 after acquiring an additional 312 shares during the period. Finally, Kings Path Partners LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $61,000.

iShares MSCI USA Momentum Factor ETF Trading Up 0.3%

iShares MSCI USA Momentum Factor ETF stock traded up $0.88 during mid-day trading on Friday, hitting $289.45. The company had a trading volume of 686,300 shares, compared to its average volume of 1,227,590. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The company’s fifty day moving average is $307.84 and its 200-day moving average is $305.70. The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF’s stock is scheduled to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

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.