Tandemgrowth Financial Advisors LLC Makes New Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Tandemgrowth Financial Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,825 shares of the company’s stock, valued at approximately $457,000. iShares MSCI USA Momentum Factor ETF comprises about 0.4% of Tandemgrowth Financial Advisors LLC’s holdings, making the stock its 20th biggest position.

Other large investors also recently bought and sold shares of the company. Dagco Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $25,000. Triumph Capital Management purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $25,000. Cary Street Partners Financial LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $25,000. Eagle Bay Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $26,000. Finally, United Financial Planning Group LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $28,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $319.01 on Friday. The company has a market cap of $23.29 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $331.49. The firm has a fifty day moving average of $289.67 and a two-hundred day moving average of $264.70.

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.