Hansen & Associates Financial Group Inc. Increases Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Hansen & Associates Financial Group Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 32.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,282 shares of the company’s stock after acquiring an additional 2,011 shares during the period. iShares MSCI USA Momentum Factor ETF makes up approximately 1.5% of Hansen & Associates Financial Group Inc.’s investment portfolio, making the stock its 11th largest position. Hansen & Associates Financial Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,664,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Triumph Capital Management purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $26,000. Financial Network Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $26,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $314.73 on Thursday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The business has a 50 day moving average price of $316.52 and a 200 day moving average price of $284.65. The company has a market capitalization of $22.98 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.