Oppenheimer Asset Management Inc. Buys New Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Oppenheimer Asset Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 77,223 shares of the company’s stock, valued at approximately $18,558,000. Oppenheimer Asset Management Inc. owned 0.11% of iShares MSCI USA Momentum Factor ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in iShares MSCI USA Momentum Factor ETF by 5.8% in the 1st quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock valued at $43,475,000 after buying an additional 11,729 shares in the last quarter. Symmetry Partners LLC grew its position in iShares MSCI USA Momentum Factor ETF by 7.7% in the 2nd quarter. Symmetry Partners LLC now owns 220,864 shares of the company’s stock valued at $53,078,000 after buying an additional 15,774 shares in the last quarter. Fortune Financial Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF by 46.2% in the 2nd quarter. Fortune Financial Advisors LLC now owns 2,029 shares of the company’s stock valued at $488,000 after buying an additional 641 shares in the last quarter. Scissortail Wealth Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $4,529,000. Finally, GAMMA Investing LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 45.0% in the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after purchasing an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $255.50 on Friday. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99. The business has a 50 day moving average price of $250.97 and a two-hundred day moving average price of $235.83.

iShares MSCI USA Momentum Factor ETF Company 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.