Focus Partners Advisor Solutions LLC Purchases 3,416 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Focus Partners Advisor Solutions LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 55.7% in the fourth quarter, Holdings Channel reports. The fund owned 9,553 shares of the company’s stock after buying an additional 3,416 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MTUM. Bison Wealth LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after acquiring an additional 133 shares during the period. Empowered Funds LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at about $2,488,000. Russell Investments Group Ltd. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 15.1% during the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after acquiring an additional 128 shares during the period. First Trust Advisors LP bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd boosted its holdings in iShares MSCI USA Momentum Factor ETF by 543.9% during the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after acquiring an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $304.92 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $331.49. The company has a 50-day moving average of $288.09 and a two-hundred day moving average of $264.13. The stock has a market capitalization of $22.26 billion, a price-to-earnings 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.