Kestra Investment Management LLC Has $34.99 Million Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Kestra Investment Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,788 shares of the company’s stock after acquiring an additional 13,653 shares during the period. Kestra Investment Management LLC owned about 0.19% of iShares MSCI USA Momentum Factor ETF worth $34,990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 4.1% in the third 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 in the last quarter. Assetmark Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 2.5% in the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after purchasing an additional 37,278 shares in the last quarter. Ameriprise Financial Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 7.4% in the third quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock valued at $339,023,000 after purchasing an additional 90,841 shares in the last quarter. State of Michigan Retirement System grew its position in iShares MSCI USA Momentum Factor ETF by 5.2% in the fourth quarter. State of Michigan Retirement System now owns 1,287,290 shares of the company’s stock valued at $322,222,000 after purchasing an additional 63,800 shares in the last quarter. Finally, Blue Trust Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 9.6% in the fourth quarter. Blue Trust Inc. now owns 1,242,390 shares of the company’s stock valued at $310,983,000 after purchasing an additional 108,825 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $303.60 on Tuesday. The company has a market cap of $22.16 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $223.47 and a 1-year high of $307.96. The company has a fifty day simple moving average of $270.51 and a 200 day simple moving average of $258.25.

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.