Financial Architects LLC Grows Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Financial Architects LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,460 shares of the company’s stock after purchasing an additional 540 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for 4.7% of Financial Architects LLC’s holdings, making the stock its 8th biggest holding. Financial Architects LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 58.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock valued at $2,608,970,000 after purchasing an additional 4,651,707 shares in the last quarter. LPL Financial LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 215.4% in the fourth quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock valued at $404,454,000 after acquiring an additional 1,334,851 shares in the last quarter. Bank of America Corp DE boosted its stake in iShares MSCI USA Momentum Factor ETF by 25.2% in the fourth quarter. Bank of America Corp DE now owns 1,528,601 shares of the company’s stock valued at $316,298,000 after acquiring an additional 308,078 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares MSCI USA Momentum Factor ETF by 204.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,128,104 shares of the company’s stock valued at $233,427,000 after acquiring an additional 758,024 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 43.2% in the fourth quarter. Ameriprise Financial Inc. now owns 873,421 shares of the company’s stock valued at $180,571,000 after acquiring an additional 263,308 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 14.4%

Shares of MTUM opened at $239.15 on Friday. The company has a market cap of $17.46 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.75. The company has a 50 day moving average of $228.17 and a two-hundred day moving average of $215.75.

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.