Shore Point Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,731 shares of the company’s stock after buying an additional 86 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 0.5% of Shore Point Advisors LLC’s holdings, making the stock its 29th biggest position. Shore Point Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $959,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Physician Wealth Advisors Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 0.8% in the first quarter. Physician Wealth Advisors Inc. now owns 7,927 shares of the company’s stock worth $1,440,000 after purchasing an additional 60 shares during the period. First National Bank & Trust Co. of Newtown increased its stake in iShares MSCI USA Momentum Factor ETF by 1.4% during the 1st quarter. First National Bank & Trust Co. of Newtown now owns 4,630 shares of the company’s stock valued at $867,000 after purchasing an additional 65 shares in the last quarter. Regal Investment Advisors LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 3.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 2,652 shares of the company’s stock worth $517,000 after acquiring an additional 85 shares during the last quarter. First Citizens Financial Corp lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.9% during the first quarter. First Citizens Financial Corp now owns 5,048 shares of the company’s stock worth $946,000 after purchasing an additional 94 shares during the period. Finally, LongView Wealth Management boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the 1st quarter. LongView Wealth Management now owns 2,675 shares of the company’s stock valued at $501,000 after acquiring an additional 100 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
BATS:MTUM opened at $207.36 on Friday. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The company has a 50 day moving average price of $195.62 and a 200-day moving average price of $191.12. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60.
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.
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