World Investment Advisors Raises Position in iShares MSCI USA Momentum Factor ETF $MTUM

World Investment Advisors grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 178.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,860 shares of the company’s stock after acquiring an additional 20,416 shares during the period. World Investment Advisors’ holdings in iShares MSCI USA Momentum Factor ETF were worth $7,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Empire Life Investments Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.3% in the fourth quarter. Empire Life Investments Inc. now owns 2,400 shares of the company’s stock valued at $601,000 after purchasing an additional 100 shares during the period. Life Line Wealth Management LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.9% in the fourth quarter. Life Line Wealth Management LLC now owns 10,874 shares of the company’s stock valued at $2,722,000 after purchasing an additional 99 shares during the period. Tsfg LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 80.8% in the fourth quarter. Tsfg LLC now owns 35,419 shares of the company’s stock valued at $8,866,000 after purchasing an additional 15,833 shares during the period. Mascoma Wealth Management LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.0% in the fourth quarter. Mascoma Wealth Management LLC now owns 28,508 shares of the company’s stock valued at $7,136,000 after purchasing an additional 823 shares during the period. Finally, Trek Financial LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 44.5% in the fourth quarter. Trek Financial LLC now owns 40,433 shares of the company’s stock valued at $10,121,000 after purchasing an additional 12,444 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 0.7%

Shares of BATS MTUM opened at $305.40 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $223.47 and a 52 week high of $307.86. The firm has a 50-day moving average price of $261.97 and a 200 day moving average price of $255.70. The stock has a market capitalization of $22.29 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.