St. Clair Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,617 shares of the company’s stock, valued at approximately $554,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $25,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $26,000. Financial Network Wealth Advisors LLC grew its position 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 worth $26,000 after buying an additional 67 shares during the period. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth about $26,000.
iShares MSCI USA Momentum Factor ETF Price Performance
Shares of iShares MSCI USA Momentum Factor ETF stock opened at $313.35 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company has a 50-day moving average of $317.69 and a 200 day moving average of $282.39.
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.
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