JPMorgan Chase & Co. Grows Position in iShares MSCI USA Momentum Factor ETF $MTUM

JPMorgan Chase & Co. lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 870,892 shares of the company’s stock after purchasing an additional 54,040 shares during the quarter. JPMorgan Chase & Co. owned about 1.19% of iShares MSCI USA Momentum Factor ETF worth $223,341,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kapstone Financial Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $201,000. PNC Financial Services Group Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 1.2% in the third quarter. PNC Financial Services Group Inc. now owns 508,703 shares of the company’s stock worth $130,457,000 after purchasing an additional 6,224 shares during the period. Shepherd Financial Partners LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.4% during the third quarter. Shepherd Financial Partners LLC now owns 34,732 shares of the company’s stock valued at $8,907,000 after purchasing an additional 133 shares in the last quarter. Uniting Wealth Partners LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $5,489,000. Finally, TCTC Holdings LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $305,000.

iShares MSCI USA Momentum Factor ETF Trading Up 0.6%

BATS MTUM opened at $254.77 on Friday. The stock has a market cap of $18.60 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock’s fifty day moving average price is $254.08 and its 200-day moving average price is $251.32. iShares MSCI USA Momentum Factor ETF has a 12 month low of $171.51 and a 12 month high of $262.10.

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.