77,818 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Acquired by Prudent Investors Network Inc.

Prudent Investors Network Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 77,818 shares of the company’s stock, valued at approximately $14,579,000. iShares MSCI USA Momentum Factor ETF comprises approximately 5.5% of Prudent Investors Network Inc.’s holdings, making the stock its 6th largest position. Prudent Investors Network Inc. owned about 0.14% of iShares MSCI USA Momentum Factor ETF at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Oxford Wealth Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth about $2,803,000. Waverly Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $9,919,000. Quadrature Capital Ltd purchased a new position in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $918,000. Cadence Bank bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth about $229,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $264,000.

iShares MSCI USA Momentum Factor ETF Stock Down 1.3 %

BATS MTUM traded down $2.43 during trading hours on Tuesday, reaching $184.96. The company’s stock had a trading volume of 584,990 shares. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The firm’s 50-day moving average price is $193.29 and its 200-day moving average price is $184.51. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.