Cornerstone Planning Group LLC Grows Position in iShares MSCI USA Momentum Factor ETF $MTUM

Cornerstone Planning Group LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6,783.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,268 shares of the company’s stock after purchasing an additional 4,206 shares during the quarter. Cornerstone Planning Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,082,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MTUM. TFC Financial Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $28,000. WFA of San Diego LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $46,000. Hilltop National Bank purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $55,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 397.8% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after acquiring an additional 179 shares during the period. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $64,000.

iShares MSCI USA Momentum Factor ETF Stock Up 23.6%

Shares of BATS MTUM opened at $258.36 on Tuesday. The company has a market cap of $18.86 billion, a P/E 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 has a 50-day simple moving average of $253.54 and a two-hundred day simple moving average of $250.26.

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.