World Investment Advisors lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 178.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,860 shares of the company’s stock after purchasing an additional 20,416 shares during the period. World Investment Advisors’ holdings in iShares MSCI USA Momentum Factor ETF were worth $7,975,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MTUM. Empire Life Investments Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 4.3% during the fourth quarter. Empire Life Investments Inc. now owns 2,400 shares of the company’s stock worth $601,000 after acquiring an additional 100 shares during the last quarter. Life Line Wealth Management LLC raised its position in iShares MSCI USA Momentum Factor ETF by 0.9% during the fourth quarter. Life Line Wealth Management LLC now owns 10,874 shares of the company’s stock worth $2,722,000 after acquiring an additional 99 shares during the last quarter. Tsfg LLC raised its position in iShares MSCI USA Momentum Factor ETF by 80.8% during the fourth quarter. Tsfg LLC now owns 35,419 shares of the company’s stock worth $8,866,000 after acquiring an additional 15,833 shares during the last quarter. Mascoma Wealth Management LLC raised its position in iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Mascoma Wealth Management LLC now owns 28,508 shares of the company’s stock worth $7,136,000 after acquiring an additional 823 shares during the last quarter. Finally, Trek Financial LLC raised its position in iShares MSCI USA Momentum Factor ETF by 44.5% during the fourth quarter. Trek Financial LLC now owns 40,433 shares of the company’s stock worth $10,121,000 after acquiring an additional 12,444 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Up 0.7%
Shares of MTUM opened at $305.40 on Thursday. The stock has a market cap of $22.29 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a 50-day moving average of $261.97 and a two-hundred day moving average of $255.70. iShares MSCI USA Momentum Factor ETF has a 12-month low of $223.47 and a 12-month high of $307.86.
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.
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