iShares MSCI USA Momentum Factor ETF $MTUM Position Boosted by World Investment Advisors

World Investment Advisors grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 178.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,860 shares of the company’s stock after purchasing an additional 20,416 shares during the period. World Investment Advisors’ holdings in iShares MSCI USA Momentum Factor ETF were worth $7,975,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dagco Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $25,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $25,000. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.6%

Shares of BATS:MTUM opened at $306.66 on Tuesday. The firm has a market cap of $22.39 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $220.89 and a 1 year high of $307.86. The business has a fifty day simple moving average of $259.93 and a 200 day simple moving average of $254.96.

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.