iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by Cornerstone Planning Group LLC

Cornerstone Planning Group LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 44.8% in the first quarter, Holdings Channel.com reports. The fund owned 10,522 shares of the company’s stock after buying an additional 3,256 shares during the quarter. Cornerstone Planning Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,525,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bison Wealth LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in 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 in the last quarter. Empowered Funds LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $2,488,000. Russell Investments Group Ltd. raised its holdings in iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after buying an additional 128 shares during the period. First Trust Advisors LP purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth $350,000. Finally, Qube Research & Technologies Ltd increased its holdings in 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 valued at $30,631,000 after purchasing an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 0.4%

Shares of BATS MTUM opened at $302.09 on Friday. The stock has a fifty day moving average price of $317.45 and a 200 day moving average price of $278.11. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The company has a market cap of $22.05 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.