iShares MSCI USA Momentum Factor ETF $MTUM Shares Newly Acquired by Fifth Third Securities Inc.

Fifth Third Securities Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the third quarter, Holdings Channel reports. The fund acquired 5,882 shares of the company’s stock, valued at approximately $1,867,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MTUM. New England Private Wealth Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.3% during the third quarter. New England Private Wealth Advisors LLC now owns 10,339 shares of the company’s stock worth $3,281,000 after purchasing an additional 34 shares during the period. Beacon Financial Advisory LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the first quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock valued at $361,000 after buying an additional 36 shares in the last quarter. 1ST Source Bank boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.9% in the first quarter. 1ST Source Bank now owns 944 shares of the company’s stock valued at $227,000 after buying an additional 44 shares during the period. LifeSteps Financial Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.8% in the third quarter. LifeSteps Financial Inc. now owns 1,677 shares of the company’s stock valued at $532,000 after buying an additional 46 shares during the period. Finally, Aegis Wealth Management Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the first quarter. Aegis Wealth Management Inc. now owns 1,197 shares of the company’s stock valued at $287,000 after buying an additional 50 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $299.56 on Thursday. The company has a market capitalization of $21.87 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The business’s 50 day simple moving average is $308.94 and its 200 day simple moving average is $305.51.

iShares MSCI USA Momentum Factor ETF’s stock is scheduled to split on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

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.