Oppenheimer & Co. Inc. Purchases 9,360 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Oppenheimer & Co. Inc. grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,073 shares of the company’s stock after buying an additional 9,360 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $28,741,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MTUM. Envestnet Asset Management Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after acquiring an additional 1,094,104 shares during the period. Raymond James Financial Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.4% in the 2nd quarter. Raymond James Financial Inc. now owns 2,942,400 shares of the company’s stock valued at $707,117,000 after purchasing an additional 12,526 shares in the last quarter. Assetmark Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.4% in the 2nd quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock worth $445,958,000 after purchasing an additional 42,864 shares during the period. Ameriprise Financial Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 15.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock worth $295,986,000 after purchasing an additional 168,340 shares during the period. Finally, State of Michigan Retirement System boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.4% during the third quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after purchasing an additional 17,400 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 21.4%

Shares of MTUM stock opened at $253.62 on Monday. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The company’s 50 day moving average is $253.77 and its 200 day moving average is $250.58.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.