Hyundai Investments Co. Ltd. Takes $1.09 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Hyundai Investments Co. Ltd. bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,304 shares of the company’s stock, valued at approximately $1,088,000. iShares MSCI USA Momentum Factor ETF accounts for about 1.1% of Hyundai Investments Co. Ltd.’s holdings, making the stock its 4th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $2,411,000. MML Investors Services LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 10.1% in the 4th quarter. MML Investors Services LLC now owns 694,449 shares of the company’s stock valued at $173,828,000 after buying an additional 63,584 shares during the period. Mariner LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the 4th quarter. Mariner LLC now owns 102,387 shares of the company’s stock valued at $25,628,000 after buying an additional 2,640 shares during the period. Financial Network Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the period. Finally, Glen Eagle Advisors LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 38.0% in the 4th quarter. Glen Eagle Advisors LLC now owns 2,218 shares of the company’s stock worth $555,000 after purchasing an additional 611 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 2.8%

BATS:MTUM opened at $333.63 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $334.61. The firm has a market capitalization of $24.35 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock’s fifty day simple moving average is $293.01 and its 200-day simple moving average is $265.91.

iShares MSCI USA Momentum Factor ETF Company 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.