Claris Financial LLC Takes Position in iShares MSCI USA Momentum Factor ETF $MTUM

Claris Financial LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,371 shares of the company’s stock, valued at approximately $8,854,000. iShares MSCI USA Momentum Factor ETF accounts for about 4.7% of Claris Financial LLC’s investment portfolio, making the stock its 4th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV grew its position in iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after purchasing an additional 229,850 shares during the period. LPL Financial LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after buying an additional 652,414 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.0% during the 4th quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock valued at $804,990,000 after buying an additional 152,723 shares during the period. Corient Private Wealth LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after buying an additional 1,332,181 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after buying an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $338.52 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $339.83. The firm has a market capitalization of $24.71 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a fifty day moving average of $298.01 and a 200 day moving average of $267.65.

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.