Fifth Third Bancorp Buys 18,630 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Fifth Third Bancorp increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1,942.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,589 shares of the company’s stock after buying an additional 18,630 shares during the period. Fifth Third Bancorp’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,701,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Triumph Capital Management purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd 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 valued at approximately $25,000. Dagco Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $25,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $26,000. Finally, Financial Network Wealth Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Down 0.4%

MTUM opened at $302.09 on Friday. The stock has a fifty day simple moving average of $317.45 and a two-hundred day simple moving average of $278.11. The company has a market cap of $22.05 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month 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.