ONE Advisory Partners LLC Raises Stake in iShares MSCI USA Momentum Factor ETF $MTUM

ONE Advisory Partners LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 70.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 35,334 shares of the company’s stock after buying an additional 14,626 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 2.7% of ONE Advisory Partners LLC’s investment portfolio, making the stock its 12th largest position. ONE Advisory Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTUM. Dagco Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $25,000. Triumph Capital Management purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $25,000. TFC Financial Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $28,000. United Financial Planning Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $28,000. Finally, Howe & Rusling Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 425.0% during the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after purchasing an additional 102 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 0.4%

Shares of BATS MTUM opened at $245.54 on Wednesday. The stock has a fifty day moving average price of $251.90 and a 200 day moving average price of $252.01. iShares MSCI USA Momentum Factor ETF has a 12-month low of $171.51 and a 12-month high of $262.10. The company has a market cap of $17.92 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.