Strategic Investment Advisors MI Purchases 103,202 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Strategic Investment Advisors MI increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 274.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 140,862 shares of the company’s stock after buying an additional 103,202 shares during the period. iShares MSCI USA Momentum Factor ETF comprises about 2.8% of Strategic Investment Advisors MI’s holdings, making the stock its 12th biggest position. Strategic Investment Advisors MI’s holdings in iShares MSCI USA Momentum Factor ETF were worth $36,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Focus Partners Wealth lifted its holdings in iShares MSCI USA Momentum Factor ETF by 2,939.7% during the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock worth $237,766,000 after acquiring an additional 896,644 shares during the period. Osaic Holdings Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 59.7% in the second quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock worth $120,371,000 after purchasing an additional 193,332 shares during the last quarter. Ameriprise Financial Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 15.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock valued at $295,986,000 after purchasing an additional 168,340 shares during the period. Orion Porfolio Solutions LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 474.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 150,905 shares of the company’s stock valued at $36,265,000 after purchasing an additional 124,622 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock valued at $785,571,000 after purchasing an additional 120,851 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $246.24 on Thursday. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $171.51 and a one year high of $262.10. The business’s fifty day moving average is $252.90 and its 200-day moving average is $251.93.

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.