Runnymede Capital Advisors Inc. Takes $502,000 Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Runnymede Capital Advisors Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,424 shares of the company’s stock, valued at approximately $502,000.

A number of other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $574,824,000. Envestnet Portfolio Solutions Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 5,196.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock worth $142,658,000 after purchasing an additional 676,419 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 1,055.4% during the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after purchasing an additional 463,387 shares in the last quarter. Summit Rock Advisors LP purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $65,392,000. Finally, Janney Montgomery Scott LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 140.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock worth $87,961,000 after purchasing an additional 248,600 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $204.64 on Friday. The stock’s 50-day simple moving average is $215.34 and its 200 day simple moving average is $209.81. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $229.77.

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.