Quent Long Short Global Small Cap Fund LP Invests $773,000 in iShares MSCI USA Momentum Factor ETF $MTUM

Quent Long Short Global Small Cap Fund LP purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,088 shares of the company’s stock, valued at approximately $773,000.

A number of other hedge funds have also modified their holdings of the company. Caprock Group LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $3,283,000. Strategic Blueprint LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 18.9% during the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock worth $7,713,000 after purchasing an additional 4,790 shares in the last quarter. Braun Bostich & Associates Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 63.4% during the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock worth $2,878,000 after purchasing an additional 4,463 shares in the last quarter. FLP Wealth Management LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 753.1% in the 3rd quarter. FLP Wealth Management LLC now owns 12,566 shares of the company’s stock valued at $3,223,000 after buying an additional 11,093 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock valued at $295,418,000 after buying an additional 29,230 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 1.8%

MTUM opened at $280.90 on Friday. The stock has a market cap of $20.51 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $203.81 and a 12 month high of $281.46. The company has a fifty day simple moving average of $253.26 and a 200 day simple moving average of $252.69.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.