Polaris Investment Advisors LLC Takes $3.18 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Polaris Investment Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,717 shares of the company’s stock, valued at approximately $3,183,000. iShares MSCI USA Momentum Factor ETF comprises approximately 2.3% of Polaris Investment Advisors LLC’s investment portfolio, making the stock its 14th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $25,000. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth approximately $25,000. TFC Financial Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at $28,000. United Financial Planning Group LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at $28,000. Finally, Howe & Rusling Inc. lifted its position in shares of 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 valued at $32,000 after acquiring an additional 102 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 2.1%

MTUM opened at $230.77 on Tuesday. The firm has a market cap of $16.85 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a fifty day simple moving average of $250.34 and a 200-day simple moving average of $251.65. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $171.51 and a fifty-two week high of $262.10.

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.