Sowell Financial Services LLC Grows Position in iShares MSCI USA Momentum Factor ETF $MTUM

Sowell Financial Services LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 17.2% in the 4th quarter, HoldingsChannel reports. The fund owned 13,820 shares of the company’s stock after acquiring an additional 2,029 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,459,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Caprock Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $3,283,000. Acropolis Investment Management LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.5% during the 3rd quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after acquiring an additional 5,813 shares during the period. Strategic Blueprint LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 18.9% during the 3rd quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after acquiring an additional 4,790 shares during the period. Braun Bostich & Associates Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 63.4% during the 4th quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after acquiring an additional 4,463 shares during the period. Finally, Beacon Financial Group lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 11.0% during the 3rd quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock valued at $5,696,000 after acquiring an additional 2,203 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 0.7%

iShares MSCI USA Momentum Factor ETF stock opened at $247.69 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $171.51 and a 52 week high of $262.10. The firm’s 50-day simple moving average is $249.30 and its 200 day simple moving average is $251.34. The firm has a market capitalization of $18.08 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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.