Janney Montgomery Scott LLC Has $144.33 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Janney Montgomery Scott LLC boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 601,408 shares of the company’s stock after buying an additional 28,887 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.82% of iShares MSCI USA Momentum Factor ETF worth $144,332,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Triumph Capital Management acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $25,000. Cary Street Partners Financial LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Dagco Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Eagle Bay Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $26,000. Finally, Financial Network Wealth Advisors LLC grew its stake in 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 valued at $26,000 after purchasing an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $325.74 on Friday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The stock’s 50-day moving average is $306.31 and its two-hundred day moving average is $271.07. The firm has a market cap of $23.78 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.