IMC Chicago LLC Takes Position in iShares MSCI USA Momentum Factor ETF $MTUM

IMC Chicago LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,692 shares of the company’s stock, valued at approximately $406,000.

Several other hedge funds and other institutional investors have also modified their holdings of MTUM. Corient Private Wealth LLC grew its position in iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after acquiring an additional 1,332,181 shares during the period. LPL Financial LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after acquiring an additional 652,414 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 32.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after acquiring an additional 280,192 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 55.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after purchasing an additional 256,639 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 25.3% in the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after purchasing an additional 230,310 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $303.41 on Friday. The firm’s 50-day simple moving average is $317.44 and its 200-day simple moving average is $277.95. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.