Spectrum Strategic Capital Management LLC Takes $996,000 Position in iShares MSCI USA Momentum Factor ETF $MTUM

Spectrum Strategic Capital Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,979 shares of the company’s stock, valued at approximately $996,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Focus Partners Wealth raised its holdings in 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 worth $237,766,000 after purchasing an additional 896,644 shares during the period. CWM LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 25.3% during the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after acquiring an additional 230,310 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 35.7% during the fourth quarter. Park Avenue Securities LLC now owns 711,023 shares of the company’s stock valued at $177,976,000 after acquiring an additional 187,155 shares during the last quarter. Symmetry Partners LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 71.8% during the fourth quarter. Symmetry Partners LLC now owns 416,566 shares of the company’s stock valued at $104,271,000 after acquiring an additional 174,074 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.8% during the second quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock valued at $295,986,000 after acquiring an additional 168,340 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $298.27 on Monday. The business has a 50 day simple moving average of $264.12 and a two-hundred day simple moving average of $256.35. iShares MSCI USA Momentum Factor ETF has a 12 month low of $223.47 and a 12 month high of $307.96. The stock has a market capitalization of $21.77 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.