iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by PAX Financial Group LLC

PAX Financial Group LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 66.1% in the fourth quarter, Holdings Channel reports. The fund owned 40,342 shares of the company’s stock after purchasing an additional 16,054 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 1.7% of PAX Financial Group LLC’s portfolio, making the stock its 14th biggest position. PAX Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $10,098,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Legacy Financial Group LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 60.7% during the 4th quarter. Legacy Financial Group LLC now owns 32,194 shares of the company’s stock worth $7,954,000 after acquiring an additional 12,160 shares during the period. Thrivent Financial for Lutherans lifted its position in iShares MSCI USA Momentum Factor ETF by 9.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 97,013 shares of the company’s stock worth $24,510,000 after acquiring an additional 8,322 shares during the period. New York Life Investment Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 10.2% in the 4th quarter. New York Life Investment Management LLC now owns 166,692 shares of the company’s stock valued at $41,725,000 after buying an additional 15,382 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 21.2% in the 4th quarter. Pinnacle Associates Ltd. now owns 8,842 shares of the company’s stock valued at $2,213,000 after buying an additional 1,544 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $1,837,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $307.25 on Friday. The business has a 50 day simple moving average of $263.17 and a 200-day simple moving average of $256.07. The stock has a market capitalization of $22.43 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $223.47 and a 12 month high of $307.96.

iShares MSCI USA Momentum Factor ETF 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.