Cyndeo Wealth Partners LLC Buys 4,485 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Cyndeo Wealth Partners LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 150.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,472 shares of the company’s stock after acquiring an additional 4,485 shares during the period. Cyndeo Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,546,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Assetmark Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 4.5% in the 3rd quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock worth $343,269,000 after buying an additional 72,891 shares during the period. Cerity Partners LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the third quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock valued at $217,745,000 after acquiring an additional 26,235 shares in the last quarter. FMR LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 12.2% during the third quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after acquiring an additional 73,442 shares in the last quarter. LPL Financial LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.0% during the third quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock valued at $125,668,000 after acquiring an additional 11,968 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% during the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after acquiring an additional 463,387 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $222.97 on Friday. The company has a 50 day moving average price of $212.86 and a 200-day moving average price of $203.35. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The company has a market capitalization of $12.07 billion, a PE ratio of 18.53 and a beta of 1.10.

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.