JB Capital LLC Takes Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

JB Capital LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 159,464 shares of the company’s stock, valued at approximately $32,997,000. iShares MSCI USA Momentum Factor ETF comprises about 1.8% of JB Capital LLC’s investment portfolio, making the stock its 13th biggest position. JB Capital LLC owned approximately 0.29% of iShares MSCI USA Momentum Factor ETF at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MTUM. Park Avenue Securities LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% in the 4th 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 during the period. Janney Montgomery Scott LLC raised 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 buying an additional 248,600 shares during the period. Citigroup Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 1,266.9% during the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock worth $51,305,000 after buying an additional 234,524 shares during the period. Foundations Investment Advisors LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 245.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock worth $46,564,000 after buying an additional 159,916 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 455.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock worth $33,952,000 after buying an additional 129,521 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 4.9 %

Shares of MTUM opened at $219.20 on Monday. The stock has a market capitalization of $11.87 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The company has a 50 day moving average of $213.40 and a 200-day moving average of $203.94.

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.