iShares MSCI USA Momentum Factor ETF $MTUM Position Increased by Tactive Advisors LLC

Tactive Advisors LLC increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 23.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,910 shares of the company’s stock after purchasing an additional 5,725 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 2.2% of Tactive Advisors LLC’s investment portfolio, making the stock its 10th largest position. Tactive Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,670,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MTUM. Envestnet Asset Management Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after purchasing an additional 1,094,104 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 0.4% during the 2nd quarter. Raymond James Financial Inc. now owns 2,942,400 shares of the company’s stock worth $707,117,000 after purchasing an additional 12,526 shares during the last quarter. Assetmark Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.4% in the 2nd quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock valued at $445,958,000 after buying an additional 42,864 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 15.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock valued at $295,986,000 after buying an additional 168,340 shares during the last quarter. Finally, Blue Trust Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 0.7% during the second quarter. Blue Trust Inc. now owns 1,210,478 shares of the company’s stock worth $290,902,000 after buying an additional 8,459 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 21.7%

Shares of BATS:MTUM opened at $254.27 on Wednesday. The company has a market capitalization of $18.56 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock’s fifty day simple moving average is $250.05 and its 200-day simple moving average is $246.02. 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.