Patriot Financial Group Insurance Agency LLC Buys 6,388 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Patriot Financial Group Insurance Agency LLC boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 100.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,768 shares of the company’s stock after purchasing an additional 6,388 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,064,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mercer Global Advisors Inc. ADV grew its position in shares of iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after buying an additional 229,850 shares during the last quarter. LPL Financial LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after acquiring an additional 652,414 shares in the last quarter. Raymond James Financial Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 5.0% during the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock valued at $804,990,000 after acquiring an additional 152,723 shares during the last quarter. Corient Private Wealth LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after acquiring an additional 1,332,181 shares during the last quarter. Finally, Assetmark Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 2.5% during the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after acquiring an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $325.74 on Monday. The company has a 50 day moving average of $306.31 and a two-hundred day moving average of $271.19. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The company has a market cap of $23.78 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.