Town Capital LLC Buys 6,546 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Town Capital LLC lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 61.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,117 shares of the company’s stock after purchasing an additional 6,546 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 3.3% of Town Capital LLC’s investment portfolio, making the stock its 11th biggest position. Town Capital LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Assetmark Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 2.5% during the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after purchasing an additional 37,278 shares during the period. Flagship Capital Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $1,779,000. Beacon Bridge Wealth Partners LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 78.3% in the 4th quarter. Beacon Bridge Wealth Partners LLC now owns 22,617 shares of the company’s stock worth $5,661,000 after purchasing an additional 9,932 shares during the period. Sovran Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 25.3% during the fourth quarter. Sovran Advisors LLC now owns 21,115 shares of the company’s stock valued at $5,431,000 after purchasing an additional 4,260 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 31.7% during the fourth quarter. Flagship Harbor Advisors LLC now owns 9,229 shares of the company’s stock valued at $2,310,000 after purchasing an additional 2,224 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $299.59 on Monday. The firm has a market cap of $21.87 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company’s 50 day moving average is $317.74 and its 200 day moving average is $281.69. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59.

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.