SigFig Wealth Management LLC Increases Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

SigFig Wealth Management LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 41.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,451 shares of the company’s stock after acquiring an additional 4,491 shares during the period. SigFig Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.1% in the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock valued at $785,571,000 after purchasing an additional 120,851 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock valued at $339,023,000 after purchasing an additional 90,841 shares during the last quarter. Blue Trust Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 9.6% during the 4th quarter. Blue Trust Inc. now owns 1,242,390 shares of the company’s stock valued at $310,983,000 after purchasing an additional 108,825 shares during the last quarter. Bank of America Corp DE raised its holdings in iShares MSCI USA Momentum Factor ETF by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock valued at $317,742,000 after buying an additional 94,881 shares during the period. Finally, State of Michigan Retirement System raised its holdings in iShares MSCI USA Momentum Factor ETF by 1.4% during the 3rd quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after buying an additional 17,400 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 0.2%

Shares of MTUM opened at $245.85 on Friday. The business has a fifty day moving average of $249.68 and a 200 day moving average of $251.47. The company has a market cap of $17.95 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $171.51 and a 52-week high of $262.10.

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.