SigFig Wealth Management LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 41.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,451 shares of the company’s stock after buying an additional 4,491 shares during the period. SigFig Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,868,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $25,000. Dagco Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. TFC Financial Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $28,000. United Financial Planning Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter worth $28,000. Finally, Howe & Rusling Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 425.0% in the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after purchasing an additional 102 shares during the period.
iShares MSCI USA Momentum Factor ETF Trading Up 0.2%
BATS:MTUM opened at $245.85 on Friday. The company has a market cap of $17.95 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve month high of $262.10. The stock has a fifty day simple moving average of $249.68 and a 200-day simple moving average of $251.47.
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.
Further Reading
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