Almanack Investment Partners LLC. Grows Position in iShares MSCI USA Momentum Factor ETF $MTUM

Almanack Investment Partners LLC. increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 100.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,894 shares of the company’s stock after purchasing an additional 1,450 shares during the period. Almanack Investment Partners LLC.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $695,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Sovereign Financial Group Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 31.3% in the second quarter. Sovereign Financial Group Inc. now owns 5,812 shares of the company’s stock valued at $1,397,000 after purchasing an additional 1,386 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 94.4% in the second quarter. Concurrent Investment Advisors LLC now owns 17,914 shares of the company’s stock valued at $4,305,000 after purchasing an additional 8,699 shares during the period. Apollon Wealth Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1.2% in the second quarter. Apollon Wealth Management LLC now owns 21,466 shares of the company’s stock valued at $5,159,000 after purchasing an additional 262 shares during the period. Richardson Financial Services Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 69.8% in the second quarter. Richardson Financial Services Inc. now owns 703 shares of the company’s stock valued at $166,000 after purchasing an additional 289 shares during the period. Finally, Blue Trust Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 0.7% in the second quarter. Blue Trust Inc. now owns 1,210,478 shares of the company’s stock valued at $290,902,000 after purchasing an additional 8,459 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 19.7%

Shares of BATS:MTUM opened at $250.07 on Monday. The company has a market cap of $18.26 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99. The business has a fifty day simple moving average of $249.19 and a 200-day simple moving average of $231.50.

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.