iShares MSCI USA Momentum Factor ETF $MTUM Position Raised by Midwest Capital Advisors LLC

Midwest Capital Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,723 shares of the company’s stock after purchasing an additional 1,670 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 4.5% of Midwest Capital Advisors LLC’s portfolio, making the stock its 6th biggest holding. Midwest Capital Advisors LLC owned 0.05% of iShares MSCI USA Momentum Factor ETF worth $9,533,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MTUM. Dagco Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $25,000. Cary Street Partners Financial LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $25,000. Eagle Bay Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $26,000. Finally, Financial Network Wealth Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 4.3%

MTUM stock opened at $328.10 on Thursday. The firm has a market capitalization of $23.95 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The stock has a 50-day simple moving average of $310.07 and a two-hundred day simple moving average of $272.90.

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.