Tsfg LLC Boosts Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Tsfg LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 80.8% in the 4th quarter, HoldingsChannel reports. The firm owned 35,419 shares of the company’s stock after purchasing an additional 15,833 shares during the period. iShares MSCI USA Momentum Factor ETF comprises approximately 1.3% of Tsfg LLC’s holdings, making the stock its 21st largest position. Tsfg LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,866,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MTUM. Dagco Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Triumph Capital Management purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $25,000. Eagle Bay Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $26,000. United Financial Planning Group LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $28,000. Finally, Howe & Rusling Inc. raised its holdings 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 purchasing an additional 102 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 1.6%

BATS MTUM opened at $306.66 on Tuesday. The stock has a market capitalization of $22.39 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $220.89 and a 52-week high of $307.86. The firm has a 50-day moving average price of $259.93 and a 200 day moving average price of $254.96.

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.