Blue Jean Financial LLC Acquires New Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Blue Jean Financial LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,864 shares of the company’s stock, valued at approximately $467,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MTUM. Focus Partners Wealth raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2,939.7% in the 3rd quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after buying an additional 896,644 shares during the period. LPL Financial LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after buying an additional 652,414 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 32.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after buying an additional 280,192 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 55.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after buying an additional 256,639 shares during the period. Finally, CWM LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 25.3% in the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after buying an additional 230,310 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 1.7%

MTUM stock opened at $324.40 on Friday. The company has a market capitalization of $23.68 billion, a PE ratio of 28.67 and a beta of 1.02. The business’s fifty day moving average price is $291.25 and its 200 day moving average price is $265.12. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $331.49.

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.