Financiere des Professionnels Fonds d investissement inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 21.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,200 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,305,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $25,000. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $26,000. Finally, United Financial Planning Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000.
iShares MSCI USA Momentum Factor ETF Stock Down 2.2%
Shares of BATS:MTUM opened at $304.92 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $331.49. The company’s fifty day simple moving average is $288.09 and its 200 day simple moving average is $264.13. The firm has a market cap of $22.26 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.
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.
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