Cetera Investment Advisers Increases Position in iShares MSCI USA Momentum Factor ETF $MTUM

Cetera Investment Advisers grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 611,551 shares of the company’s stock after buying an additional 4,261 shares during the quarter. Cetera Investment Advisers’ holdings in iShares MSCI USA Momentum Factor ETF were worth $146,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTUM. Braun Bostich & Associates Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 63.4% during the 4th quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after buying an additional 4,463 shares in the last quarter. Cypress Wealth Services LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 63.6% in the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock worth $3,698,000 after acquiring an additional 5,740 shares in the last quarter. Flagship Capital Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $1,779,000. Assetmark Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after acquiring an additional 37,278 shares during the period. Finally, Beacon Bridge Wealth Partners LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 78.3% during the fourth quarter. Beacon Bridge Wealth Partners LLC now owns 22,617 shares of the company’s stock worth $5,661,000 after acquiring an additional 9,932 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $314.24 on Thursday. The company has a 50 day moving average price of $317.77 and a 200-day moving average price of $279.54. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The company has a market capitalization of $22.94 billion, a PE 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.