Planned Solutions Inc. Invests $840,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Planned Solutions Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,351 shares of the company’s stock, valued at approximately $840,000. iShares MSCI USA Momentum Factor ETF makes up about 0.4% of Planned Solutions Inc.’s investment portfolio, making the stock its 25th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 1.1% in the first quarter. SRS Capital Advisors Inc. now owns 6,565 shares of the company’s stock valued at $913,000 after acquiring an additional 73 shares during the last quarter. Bessemer Group Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 6.4% in the second quarter. Bessemer Group Inc. now owns 1,242 shares of the company’s stock valued at $179,000 after acquiring an additional 75 shares during the last quarter. Blair William & Co. IL lifted its stake in iShares MSCI USA Momentum Factor ETF by 1.0% in the third quarter. Blair William & Co. IL now owns 7,318 shares of the company’s stock valued at $1,022,000 after acquiring an additional 76 shares during the last quarter. Fortis Capital Advisors LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 44.9% in the first quarter. Fortis Capital Advisors LLC now owns 271 shares of the company’s stock valued at $38,000 after acquiring an additional 84 shares during the last quarter. Finally, Baker Boyer National Bank lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.6% in the third quarter. Baker Boyer National Bank now owns 3,380 shares of the company’s stock valued at $472,000 after acquiring an additional 87 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $187.72 on Thursday. The company has a fifty day moving average price of $178.33 and a two-hundred day moving average price of $158.37. The stock has a market cap of $11.68 billion, a P/E ratio of 19.35 and a beta of 0.91. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60.

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.