iShares MSCI USA Momentum Factor ETF $MTUM is Kathmere Capital Management LLC’s 5th Largest Position

Kathmere Capital Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.0% during the fourth quarter, HoldingsChannel reports. The firm owned 175,897 shares of the company’s stock after purchasing an additional 5,057 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 3.0% of Kathmere Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Kathmere Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $44,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Raymond James Financial Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 4.1% during the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock valued at $785,571,000 after buying an additional 120,851 shares during the period. Ameriprise Financial Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 7.4% during the third quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after buying an additional 90,841 shares during the last quarter. Bank of America Corp DE raised its position in iShares MSCI USA Momentum Factor ETF by 8.3% in the third quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock worth $317,742,000 after acquiring an additional 94,881 shares during the period. State of Michigan Retirement System raised its position in iShares MSCI USA Momentum Factor ETF by 1.4% in the third quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock worth $313,764,000 after acquiring an additional 17,400 shares during the period. Finally, Cerity Partners LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 2.6% in the third quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock valued at $295,418,000 after acquiring an additional 29,230 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 3.6%

iShares MSCI USA Momentum Factor ETF stock opened at $238.21 on Friday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve month high of $262.10. The firm has a 50 day moving average price of $251.35 and a 200-day moving average price of $251.88. The company has a market capitalization of $17.39 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.