360 Financial Inc. Has $5.96 Million Stake in iShares MSCI USA Momentum Factor ETF $MTUM

360 Financial Inc. raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,791 shares of the company’s stock after purchasing an additional 801 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.9% of 360 Financial Inc.’s holdings, making the stock its 14th largest holding. 360 Financial Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,958,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrowroot Family Office LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $405,000. Commonwealth Retirement Investments LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 3.1% in the second quarter. Commonwealth Retirement Investments LLC now owns 3,118 shares of the company’s stock valued at $749,000 after acquiring an additional 94 shares during the last quarter. Claro Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 3.3% in the second quarter. Claro Advisors LLC now owns 10,448 shares of the company’s stock valued at $2,511,000 after acquiring an additional 333 shares during the last quarter. Washburn Capital Management Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $1,353,000. Finally, Milestone Asset Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $870,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $249.13 on Wednesday. The stock’s 50-day simple moving average is $252.60 and its 200 day simple moving average is $239.22. The company has a market cap of $18.19 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.

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.