Corient Private Wealth LLC Raises Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Corient Private Wealth LLC increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 185.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,048,917 shares of the company’s stock after buying an additional 1,332,181 shares during the period. Corient Private Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $512,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after buying an additional 229,850 shares during the last quarter. LPL Financial LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 24.7% in 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. grew its holdings in iShares MSCI USA Momentum Factor ETF by 5.0% during the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after acquiring an additional 152,723 shares during the period. Assetmark Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% during the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after acquiring an additional 37,278 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 7.4% during the third quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after acquiring an additional 90,841 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 3.1%

Shares of MTUM stock opened at $338.52 on Friday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $339.83. The stock has a market cap of $24.71 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock has a 50 day moving average of $298.01 and a 200 day moving average of $267.65.

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.