Claro Advisors Inc. Has $6.04 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Claro Advisors Inc. increased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 76.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,111 shares of the company’s stock after buying an additional 10,485 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 0.8% of Claro Advisors Inc.’s investment portfolio, making the stock its 25th largest position. Claro Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,035,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bison Wealth LLC increased its position in iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $2,488,000. Russell Investments Group Ltd. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 15.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after buying an additional 128 shares during the period. First Trust Advisors LP acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $350,000. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 543.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after purchasing an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.7%

Shares of MTUM opened at $328.27 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $336.10. The business’s fifty day moving average is $296.23 and its 200 day moving average is $267.03. The stock has a market cap of $23.96 billion, a P/E 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.