Quadrant Private Wealth Management LLC Raises Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Quadrant Private Wealth Management LLC grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 12.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 17,795 shares of the company’s stock after acquiring an additional 1,915 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,271,000 as of its most recent filing with the Securities and Exchange Commission.

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

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $302.09 on Friday. The company has a 50-day simple moving average of $317.45 and a 200-day simple moving average of $278.11. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The stock has a market capitalization of $22.05 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.