Claro Advisors LLC Has $3.49 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Claro Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 30.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,626 shares of the company’s stock after acquiring an additional 3,178 shares during the period. Claro Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Caprock Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $3,283,000. Acropolis Investment Management LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 4.5% during the 3rd quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock worth $32,361,000 after purchasing an additional 5,813 shares in the last quarter. Strategic Blueprint LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 18.9% during the 3rd quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock worth $7,713,000 after buying an additional 4,790 shares during the period. Advocacy Wealth Management Services LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 5.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock valued at $21,248,000 after buying an additional 4,752 shares in the last quarter. Finally, Beacon Financial Group lifted its stake in iShares MSCI USA Momentum Factor ETF by 11.0% in the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock valued at $5,696,000 after buying an additional 2,203 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 2.6%

Shares of MTUM stock opened at $247.01 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $171.51 and a 12-month high of $262.10. The firm has a fifty day moving average of $254.55 and a 200-day moving average of $251.77. The company has a market capitalization of $18.03 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.