iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,031,275 shares of the company’s stock after purchasing an additional 11,371 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 5.6% of Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings, making the stock its largest position. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $247,836,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth $26,000. Compass Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth about $30,000. Cornerstone Planning Group LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after buying an additional 87 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth about $33,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after buying an additional 118 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $255.72 on Friday. The firm’s 50-day moving average is $247.58 and its 200-day moving average is $229.33. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99. The company has a market cap of $18.67 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.