iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by Savvy Advisors Inc.

Savvy Advisors Inc. raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 213.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,045 shares of the company’s stock after acquiring an additional 64,004 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.1% of Savvy Advisors Inc.’s portfolio, making the stock its 15th largest position. Savvy Advisors Inc. owned approximately 0.13% of iShares MSCI USA Momentum Factor ETF worth $24,118,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MTUM. TFC Financial Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $28,000. Howe & Rusling Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 425.0% during the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after buying an additional 102 shares during the period. WFA of San Diego LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $46,000. MassMutual Private Wealth & Trust FSB lifted its stake in iShares MSCI USA Momentum Factor ETF by 397.8% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock valued at $57,000 after buying an additional 179 shares during the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $64,000.

iShares MSCI USA Momentum Factor ETF Trading Up 0.0%

Shares of MTUM opened at $255.15 on Thursday. The company’s 50 day simple moving average is $254.20 and its 200-day simple moving average is $250.83. The firm has a market cap of $18.63 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $171.51 and a 12-month high of $262.10.

iShares MSCI USA Momentum Factor ETF 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.