Keystone Financial Group Inc. Invests $584,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Keystone Financial Group Inc. bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,822 shares of the company’s stock, valued at approximately $584,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Assetmark Inc. boosted its stake in shares of 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 last quarter. Cerity Partners LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.5% in the third quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock valued at $217,745,000 after purchasing an additional 26,235 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in iShares MSCI USA Momentum Factor ETF by 3.7% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 995,986 shares of the company’s stock valued at $206,089,000 after purchasing an additional 35,468 shares during the last quarter. FMR LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 12.2% in the third quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after purchasing an additional 73,442 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.0% in the third quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock valued at $125,668,000 after purchasing an additional 11,968 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 8.2 %

iShares MSCI USA Momentum Factor ETF stock opened at $226.03 on Friday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The business’s 50 day simple moving average is $213.74 and its 200 day simple moving average is $204.54. The company has a market cap of $12.24 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.