Ethos Financial Group LLC Purchases New Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Ethos Financial Group LLC acquired a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the first quarter, Holdings Channel reports. The firm acquired 3,857 shares of the company’s stock, valued at approximately $926,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTUM. Mercer Global Advisors Inc. ADV lifted its holdings in shares of 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 purchasing an additional 229,850 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after buying an additional 652,414 shares in the last quarter. Raymond James Financial Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 5.0% during the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock valued at $804,990,000 after buying an additional 152,723 shares during the period. Corient Private Wealth LLC raised its position in iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after buying an additional 1,332,181 shares during the period. Finally, Assetmark Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after acquiring an additional 37,278 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 2.2%

Shares of BATS MTUM opened at $312.67 on Thursday. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The firm has a market capitalization of $22.82 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a 50-day moving average price of $317.25 and a two-hundred day moving average price of $277.60.

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.