Sovran Advisors LLC Increases Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Sovran Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,107 shares of the company’s stock after acquiring an additional 2,992 shares during the quarter. Sovran Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,785,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MTUM. Triumph Capital Management purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Dagco Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $25,000. Eagle Bay Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM traded up $0.57 during midday trading on Friday, hitting $321.77. 1,102,428 shares of the company traded hands, compared to its average volume of 1,094,758. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The company’s 50-day simple moving average is $315.79 and its 200-day simple moving average is $276.16. The company has a market cap of $23.49 billion, a PE 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.