Private Advisor Group LLC Has $11.11 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Private Advisor Group LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,815 shares of the company’s stock after acquiring an additional 1,737 shares during the period. Private Advisor Group LLC owned 0.11% of iShares MSCI USA Momentum Factor ETF worth $11,111,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Wealthcare Advisory Partners LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 3.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,671 shares of the company’s stock valued at $262,000 after purchasing an additional 63 shares in the last quarter. Blair William & Co. IL increased its position in iShares MSCI USA Momentum Factor ETF by 1.0% in the 3rd quarter. Blair William & Co. IL now owns 7,318 shares of the company’s stock valued at $1,022,000 after buying an additional 76 shares in the last quarter. Larson Financial Group LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 6.6% during the 4th quarter. Larson Financial Group LLC now owns 1,288 shares of the company’s stock worth $202,000 after buying an additional 80 shares during the period. SRS Capital Advisors Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 6,254 shares of the company’s stock worth $981,000 after acquiring an additional 87 shares in the last quarter. Finally, Baker Avenue Asset Management LP grew its stake in iShares MSCI USA Momentum Factor ETF by 46.8% in the third quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock valued at $39,000 after acquiring an additional 89 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM traded up $3.66 during trading on Tuesday, reaching $183.76. 509,022 shares of the stock were exchanged. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The stock has a fifty day moving average of $183.54 and a two-hundred day moving average of $166.43. The firm has a market cap of $9.95 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

About iShares MSCI USA Momentum Factor ETF

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.