Envestnet Portfolio Solutions Inc. Buys 256,639 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Envestnet Portfolio Solutions Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 55.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 721,042 shares of the company’s stock after acquiring an additional 256,639 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $180,484,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Caliber Wealth Management LLC KS boosted its stake in iShares MSCI USA Momentum Factor ETF by 0.4% during the fourth quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock valued at $2,423,000 after buying an additional 39 shares during the last quarter. Traction Financial Partners LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.4% in the fourth quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock valued at $302,000 after purchasing an additional 40 shares in the last quarter. Lunt Capital Management Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 3.0% in the fourth quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock worth $375,000 after purchasing an additional 43 shares during the last quarter. Venturi Wealth Management LLC increased its position in iShares MSCI USA Momentum Factor ETF by 1.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,942 shares of the company’s stock worth $987,000 after purchasing an additional 45 shares during the last quarter. Finally, Mutual Advisors LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 0.8% during the fourth quarter. Mutual Advisors LLC now owns 5,728 shares of the company’s stock valued at $1,434,000 after purchasing an additional 45 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 1.3%

MTUM stock opened at $294.32 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $223.47 and a 52 week high of $307.96. The firm has a market capitalization of $21.49 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a fifty day simple moving average of $265.07 and a two-hundred day simple moving average of $256.61.

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.