Indivisible Partners Takes $2.32 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Indivisible Partners bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,273 shares of the company’s stock, valued at approximately $2,321,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dagco Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $25,000. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $25,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $26,000. TFC Financial Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $28,000. Finally, United Financial Planning Group LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $28,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $291.10 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $212.60 and a 1 year high of $292.37. The company has a market cap of $21.25 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s 50-day moving average is $256.16 and its 200 day moving average is $253.64.

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.