Commonwealth Retirement Investments LLC grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 80.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,238 shares of the company’s stock after acquiring an additional 2,787 shares during the period. Commonwealth Retirement Investments LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,561,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dagco Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Triumph Capital Management acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $25,000. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $26,000. Finally, United Financial Planning Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $28,000.
iShares MSCI USA Momentum Factor ETF Stock Up 2.8%
Shares of MTUM opened at $315.08 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.29 and a 12-month high of $331.49. The firm has a market capitalization of $23.00 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s fifty day simple moving average is $285.09 and its 200-day simple moving average is $263.18.
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.
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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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