Trek Financial LLC Acquires 2,725 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Trek Financial LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,989 shares of the company’s stock after purchasing an additional 2,725 shares during the period. Trek Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bison Wealth LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after acquiring an additional 133 shares during the period. Empowered Funds LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $2,488,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $230,000. GAMMA Investing LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 45.0% during the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after buying an additional 67 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in iShares MSCI USA Momentum Factor ETF by 24.0% in the second quarter. AdvisorNet Financial Inc now owns 692 shares of the company’s stock valued at $166,000 after buying an additional 134 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 22.3%

Shares of MTUM stock traded up $46.63 on Friday, reaching $255.62. The company had a trading volume of 1,275,471 shares, compared to its average volume of 981,496. The stock has a market capitalization of $18.66 billion, a PE ratio of 28.67 and a beta of 1.02. The business’s 50-day moving average is $251.42 and its 200 day moving average is $249.22. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99.

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.