Swmg LLC Raises Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Swmg LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 69.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,121 shares of the company’s stock after purchasing an additional 13,993 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 2.4% of Swmg LLC’s holdings, making the stock its 12th biggest holding. Swmg LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Connecticut Capital Management Group LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $208,000. Kingsview Wealth Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 47.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 5,501 shares of the company’s stock worth $1,377,000 after buying an additional 1,782 shares during the period. Waystone Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $1,040,000. Expressive Wealth LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $226,000. Finally, Strategic Financial Services Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1.5% in the 4th quarter. Strategic Financial Services Inc. now owns 222,511 shares of the company’s stock worth $56,404,000 after buying an additional 3,289 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $313.33 on Thursday. The stock has a market capitalization of $22.87 billion, a P/E ratio of 28.67 and a beta of 1.02. The company’s 50-day simple moving average is $273.25 and its two-hundred day simple moving average is $259.16. iShares MSCI USA Momentum Factor ETF has a 52-week low of $228.53 and a 52-week high of $317.25.

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.