Larson Financial Group LLC Boosts Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Larson Financial Group LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,288 shares of the company’s stock after buying an additional 80 shares during the quarter. Larson Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTUM. CWM LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 9.3% during the 4th quarter. CWM LLC now owns 1,134,217 shares of the company’s stock valued at $177,947,000 after purchasing an additional 96,845 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 3.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 10,592 shares of the company’s stock valued at $1,662,000 after purchasing an additional 317 shares during the last quarter. Scissortail Wealth Management LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 4.2% during the 4th quarter. Scissortail Wealth Management LLC now owns 6,176 shares of the company’s stock valued at $1,044,000 after purchasing an additional 248 shares during the last quarter. Tyche Wealth Partners LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $481,000. Finally, Simplicity Solutions LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $572,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $178.23 on Thursday. The stock’s 50 day simple moving average is $183.40 and its 200 day simple moving average is $164.17. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 19.19 and a beta of 1.10.

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.