IFP Advisors Inc Boosts Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

IFP Advisors Inc grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 79.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,818 shares of the company’s stock after purchasing an additional 14,085 shares during the period. IFP Advisors Inc’s holdings in iShares MSCI USA Momentum Factor ETF were worth $10,908,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of MTUM. Mercer Global Advisors Inc. ADV lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after purchasing an additional 229,850 shares during the period. LPL Financial LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after buying an additional 652,414 shares during the last quarter. Raymond James Financial Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 5.0% in the 4th quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after buying an additional 152,723 shares during the period. Corient Private Wealth LLC increased its holdings in 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 worth $512,864,000 after buying an additional 1,332,181 shares during the period. Finally, State of Michigan Retirement System raised its position in iShares MSCI USA Momentum Factor ETF by 4.1% during the 1st quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after buying an additional 52,800 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 2.1%

Shares of BATS MTUM opened at $314.73 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The company has a 50 day simple moving average of $316.52 and a two-hundred day simple moving average of $284.65. The stock has a market cap of $22.98 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.