Audent Global Asset Management LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 34.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,454 shares of the company’s stock after acquiring an additional 9,578 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 7.0% of Audent Global Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Audent Global Asset Management LLC owned about 0.05% of iShares MSCI USA Momentum Factor ETF worth $9,605,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. SWP Financial LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 1.3% during the third quarter. SWP Financial LLC now owns 9,290 shares of the company’s stock valued at $2,384,000 after purchasing an additional 122 shares during the last quarter. Wealthgarden F.S. LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $391,000. Cloud Capital Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $68,000. Activest Wealth Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $1,216,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $64,000.
iShares MSCI USA Momentum Factor ETF Stock Up 22.4%
MTUM opened at $255.79 on Friday. The stock has a market cap of $18.67 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99. The business’s fifty day simple moving average is $253.22 and its 200 day simple moving average is $249.95.
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.
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