iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 160,608 shares of the company’s stock after purchasing an additional 34,632 shares during the quarter. Merit Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $41,188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in 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 during the last quarter. Raymond James Financial Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 0.4% in the 2nd quarter. Raymond James Financial Inc. now owns 2,942,400 shares of the company’s stock worth $707,117,000 after purchasing an additional 12,526 shares during the last quarter. Assetmark Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.4% in the 2nd quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock valued at $445,958,000 after purchasing an additional 42,864 shares in the last quarter. Ameriprise Financial Inc. raised its stake 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 valued at $295,986,000 after purchasing an additional 168,340 shares in the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.4% during the third quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock worth $313,764,000 after purchasing an additional 17,400 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.5%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $251.48 on Tuesday. The business has a 50-day moving average price of $254.11 and a 200 day moving average price of $251.11. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $171.51 and a fifty-two week high of $262.10. The firm has a market cap of $18.36 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.