Harbor Investment Advisory LLC Purchases 2,204 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Harbor Investment Advisory LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1,204.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,387 shares of the company’s stock after buying an additional 2,204 shares during the quarter. Harbor Investment Advisory LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $818,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Corient Private Wealth LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after acquiring an additional 1,332,181 shares during the last quarter. LPL Financial LLC grew its position in iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after acquiring an additional 652,414 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in iShares MSCI USA Momentum Factor ETF by 32.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after purchasing an additional 280,192 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 55.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after purchasing an additional 256,639 shares in the last quarter. Finally, CWM LLC raised its position in 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 purchasing an additional 230,310 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $309.98 on Thursday. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock has a fifty day moving average price of $317.62 and a two-hundred day moving average price of $282.77. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59.

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.