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

Trek Financial LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 44.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 40,433 shares of the company’s stock after acquiring an additional 12,444 shares during the period. Trek Financial LLC owned about 0.06% of iShares MSCI USA Momentum Factor ETF worth $10,121,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MTUM. Bison Wealth LLC raised its position in iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after acquiring an additional 133 shares during the period. Empowered Funds LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth $2,488,000. Russell Investments Group Ltd. raised its position in iShares MSCI USA Momentum Factor ETF by 15.1% during the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after acquiring an additional 128 shares during the period. First Trust Advisors LP acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth $350,000. Finally, Qube Research & Technologies Ltd raised its position in iShares MSCI USA Momentum Factor ETF by 543.9% during the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after acquiring an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 1.6%

Shares of BATS MTUM opened at $306.66 on Tuesday. The firm has a 50-day simple moving average of $259.93 and a 200-day simple moving average of $254.96. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $220.89 and a 52 week high of $307.86.

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.