Foster Group Inc. Has $77.18 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Foster Group Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 308,335 shares of the company’s stock after acquiring an additional 7,094 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 2.3% of Foster Group Inc.’s investment portfolio, making the stock its 12th biggest position. Foster Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $77,179,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MTUM. ONE Advisory Partners LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 70.6% during the fourth quarter. ONE Advisory Partners LLC now owns 35,334 shares of the company’s stock worth $8,845,000 after purchasing an additional 14,626 shares during the period. Archer Investment Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $1,355,000. Spinnaker Investment Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $228,000. DAVENPORT & Co LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 12.6% during the 4th quarter. DAVENPORT & Co LLC now owns 9,142 shares of the company’s stock worth $2,288,000 after buying an additional 1,023 shares during the period. Finally, Abound Wealth Management lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 52.9% during the 4th quarter. Abound Wealth Management now owns 266 shares of the company’s stock worth $67,000 after buying an additional 92 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $247.18 on Thursday. The stock’s fifty day simple moving average is $251.73 and its 200 day simple moving average is $251.98. iShares MSCI USA Momentum Factor ETF has a one year low of $171.51 and a one year high of $262.10. The firm has a market cap of $18.04 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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.