Strategic Financial Services Inc. Purchases 3,289 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Strategic Financial Services Inc. increased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 222,511 shares of the company’s stock after purchasing an additional 3,289 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 2.6% of Strategic Financial Services Inc.’s holdings, making the stock its 11th largest position. Strategic Financial Services Inc. owned about 0.30% of iShares MSCI USA Momentum Factor ETF worth $56,404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Integrity Alliance LLC. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 554.6% in the 4th quarter. Integrity Alliance LLC. now owns 11,397 shares of the company’s stock valued at $2,853,000 after purchasing an additional 9,656 shares during the period. Integrity Advisory Solutions LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 19.9% in the 4th quarter. Integrity Advisory Solutions LLC now owns 1,638 shares of the company’s stock valued at $410,000 after buying an additional 272 shares during the last quarter. Bellwether Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 0.6% in the 4th quarter. Bellwether Advisors LLC now owns 18,559 shares of the company’s stock valued at $4,646,000 after buying an additional 114 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $397,000. Finally, Smithfield Trust Co grew its stake in iShares MSCI USA Momentum Factor ETF by 12.1% in the 4th quarter. Smithfield Trust Co now owns 1,636 shares of the company’s stock valued at $413,000 after buying an additional 177 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $314.05 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $227.83 and a 52 week high of $314.75. The firm has a market cap of $22.93 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm’s 50-day simple moving average is $271.92 and its 200 day simple moving average is $258.70.

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.