Clarus Wealth Advisors Raises Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Clarus Wealth Advisors grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,551 shares of the company’s stock after purchasing an additional 469 shares during the quarter. Clarus Wealth Advisors’ holdings in iShares MSCI USA Momentum Factor ETF were worth $1,769,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares in the last quarter. Arizona PSPRS Trust raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.0% in the third quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock worth $73,523,000 after purchasing an additional 7,115 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 407.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock worth $791,000 after purchasing an additional 3,260 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after buying an additional 213,637 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in iShares MSCI USA Momentum Factor ETF by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 203,140 shares of the company’s stock valued at $39,586,000 after buying an additional 4,802 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.0 %

MTUM opened at $208.99 on Wednesday. The firm has a market capitalization of $11.32 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The firm has a 50 day moving average of $211.70 and a two-hundred day moving average of $202.24.

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.