Trek Financial LLC grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 44.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,433 shares of the company’s stock after buying an additional 12,444 shares during the quarter. Trek Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $10,121,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Caliber Wealth Management LLC KS raised its position in shares of iShares MSCI USA Momentum Factor ETF by 0.4% in the fourth quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock valued at $2,423,000 after buying an additional 39 shares during the last quarter. Traction Financial Partners LLC increased its position in iShares MSCI USA Momentum Factor ETF by 3.4% during the fourth quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after purchasing an additional 40 shares during the last quarter. Lunt Capital Management Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock worth $375,000 after purchasing an additional 43 shares during the last quarter. Columbia Advisory Partners LLC increased its position in iShares MSCI USA Momentum Factor ETF by 0.3% during the third quarter. Columbia Advisory Partners LLC now owns 15,927 shares of the company’s stock worth $4,084,000 after purchasing an additional 45 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in iShares MSCI USA Momentum Factor ETF by 1.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,942 shares of the company’s stock worth $987,000 after purchasing an additional 45 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Up 1.6%
iShares MSCI USA Momentum Factor ETF stock opened at $306.66 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $220.89 and a 12-month high of $307.86. The stock has a market cap of $22.39 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a 50-day moving average price of $259.93 and a 200 day moving average price of $254.96.
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.
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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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