iShares MSCI USA Momentum Factor ETF $MTUM Shares Newly Purchased by Arrow Investment Advisors LLC

Arrow Investment Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,150 shares of the company’s stock, valued at approximately $4,490,000. iShares MSCI USA Momentum Factor ETF comprises approximately 3.9% of Arrow Investment Advisors LLC’s investment portfolio, making the stock its 7th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Joel Adams & Associates Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 4.6% during the third quarter. Joel Adams & Associates Inc. now owns 2,550 shares of the company’s stock valued at $809,000 after buying an additional 111 shares during the period. Cowa LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 33.4% during the 3rd quarter. Cowa LLC now owns 3,181 shares of the company’s stock valued at $1,010,000 after acquiring an additional 796 shares in the last quarter. Jmac Enterprises LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 0.3% during the 3rd quarter. Jmac Enterprises LLC now owns 35,545 shares of the company’s stock valued at $11,280,000 after acquiring an additional 115 shares in the last quarter. Basso Capital Management L.P. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 65.4% during the 3rd quarter. Basso Capital Management L.P. now owns 20,591 shares of the company’s stock worth $6,534,000 after acquiring an additional 8,144 shares during the period. Finally, Team Financial Group LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $147,000.

iShares MSCI USA Momentum Factor ETF Stock Up 1.9%

Shares of BATS:MTUM traded up $1.16 during trading on Friday, hitting $63.76. The stock had a trading volume of 4,145,160 shares, compared to its average volume of 4,903,733. iShares MSCI USA Momentum Factor ETF has a 12 month low of $57.35 and a 12 month high of $86.40. The company has a market capitalization of $4.65 billion, a PE ratio of 28.67 and a beta of 1.02. The firm’s fifty day moving average is $75.69 and its 200 day moving average is $72.51.

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.