St. Clair Advisors LLC Takes Position in iShares MSCI USA Momentum Factor ETF $MTUM

St. Clair Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,617 shares of the company’s stock, valued at approximately $554,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Triumph Capital Management bought a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter valued at $25,000. Cary Street Partners Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $26,000. Financial Network Wealth Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $26,000.

iShares MSCI USA Momentum Factor ETF Trading Up 3.8%

Shares of MTUM opened at $313.35 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The firm’s 50-day moving average price is $317.69 and its 200-day moving average price is $282.39. The firm has a market capitalization of $22.87 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.