Cetera Investment Advisers Acquires 4,261 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Cetera Investment Advisers grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 611,551 shares of the company’s stock after buying an additional 4,261 shares during the quarter. Cetera Investment Advisers owned 0.84% of iShares MSCI USA Momentum Factor ETF worth $146,766,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MTUM. Triumph Capital Management bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $25,000. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC raised its holdings 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 buying an additional 67 shares during the period. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $26,000.

iShares MSCI USA Momentum Factor ETF Stock Down 0.1%

Shares of MTUM opened at $314.24 on Thursday. The business has a fifty day moving average of $317.77 and a 200 day moving average of $279.54. The company has a market cap of $22.94 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59.

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.