Legacy Wealth Managment LLC ID Buys 3,801 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Legacy Wealth Managment LLC ID boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 772.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,293 shares of the company’s stock after purchasing an additional 3,801 shares during the quarter. Legacy Wealth Managment LLC ID’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Corient Private Wealth LLC grew its stake in 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 in the last quarter. 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 worth $823,985,000 after acquiring an additional 652,414 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares MSCI USA Momentum Factor ETF by 32.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after acquiring an additional 280,192 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 55.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after acquiring an additional 256,639 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in iShares MSCI USA Momentum Factor ETF by 3.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after acquiring an additional 229,850 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.8%

BATS MTUM opened at $299.42 on Friday. The stock’s 50-day simple moving average is $309.97 and its two-hundred day simple moving average is $290.34. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The company has a market capitalization of $21.86 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.