J.W. Cole Advisors Inc. Raises Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

J.W. Cole Advisors Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 17.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 22,191 shares of the company’s stock after purchasing an additional 3,297 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in MTUM. Envestnet Asset Management Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after buying an additional 1,094,104 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 59.7% during the 2nd quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock valued at $120,371,000 after buying an additional 193,332 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock worth $295,986,000 after acquiring an additional 168,340 shares during the last quarter. AdvisorShares Investments LLC raised its position in iShares MSCI USA Momentum Factor ETF by 60.3% in the second quarter. AdvisorShares Investments LLC now owns 431,238 shares of the company’s stock valued at $103,635,000 after purchasing an additional 162,186 shares during the period. Finally, Orion Porfolio Solutions LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 474.2% in the second quarter. Orion Porfolio Solutions LLC now owns 150,905 shares of the company’s stock valued at $36,265,000 after buying an additional 124,622 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 18.3%

Shares of BATS:MTUM opened at $247.17 on Thursday. The company has a market cap of $18.04 billion, a PE ratio of 28.67 and a beta of 1.02. The company’s 50 day moving average is $253.77 and its two-hundred day moving average is $250.36. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week 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.