Nan Shan Life Insurance Co. Ltd. purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) in the second quarter, Holdings Channel.com reports. The fund purchased 54,183 shares of the company’s stock, valued at approximately $18,576,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Waystone Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $1,040,000. WealthShield Partners LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 54.0% during the 4th quarter. WealthShield Partners LLC now owns 25,884 shares of the company’s stock valued at $6,479,000 after buying an additional 9,080 shares during the last quarter. Sound Portfolio Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $6,230,000. Straight Path Wealth Management raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.5% in the fourth quarter. Straight Path Wealth Management now owns 72,195 shares of the company’s stock worth $18,071,000 after acquiring an additional 2,422 shares during the last quarter. Finally, Summit Wealth Group LLC Co. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $1,840,000.
iShares MSCI USA Momentum Factor ETF Stock Down 1.3%
MTUM opened at $296.52 on Wednesday. The firm has a market cap of $21.65 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s fifty day simple moving average is $311.40 and its 200 day simple moving average is $289.67. 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.
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