Cerity Partners LLC Buys 4,402 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Cerity Partners LLC raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,156,354 shares of the company’s stock after purchasing an additional 4,402 shares during the quarter. Cerity Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $289,447,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Dagco Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $25,000. Triumph Capital Management bought a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $25,000. Cary Street Partners Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $25,000. Eagle Bay Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $26,000. Finally, United Financial Planning Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $28,000.

iShares MSCI USA Momentum Factor ETF Stock Up 2.8%

MTUM stock opened at $315.08 on Tuesday. The business has a 50 day moving average price of $285.09 and a two-hundred day moving average price of $263.18. The company has a market cap of $23.00 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.29 and a twelve month high of $331.49.

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.