Harbor Investment Advisory LLC Acquires 2,204 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Harbor Investment Advisory LLC increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1,204.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,387 shares of the company’s stock after purchasing an additional 2,204 shares during the period. Harbor Investment Advisory LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $818,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $25,000. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $26,000. Financial Network Wealth Advisors LLC lifted its position in shares of 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 worth $26,000 after buying an additional 67 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $26,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $309.98 on Thursday. The stock’s fifty day simple moving average is $317.62 and its 200 day simple moving average is $282.77. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59.

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.