OneDigital Investment Advisors LLC Buys 2,349 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

OneDigital Investment Advisors LLC raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.9% during the third quarter, HoldingsChannel.com reports. The fund owned 270,886 shares of the company’s stock after purchasing an additional 2,349 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $69,469,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. TFC Financial Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $28,000. Howe & Rusling Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 425.0% during the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after buying an additional 102 shares during the last quarter. WFA of San Diego LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at approximately $46,000. MassMutual Private Wealth & Trust FSB increased its stake in iShares MSCI USA Momentum Factor ETF by 397.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after acquiring an additional 179 shares during the last quarter. Finally, TD Waterhouse Canada Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $64,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $254.77 on Friday. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $171.51 and a 1 year high of $262.10. The business’s 50 day simple moving average is $254.08 and its 200-day simple moving average is $251.39.

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.