J.W. Cole Advisors Inc. Buys 1,798 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

J.W. Cole Advisors Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,894 shares of the company’s stock after purchasing an additional 1,798 shares during the period. J.W. Cole Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTUM. Envestnet Asset Management Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after buying an additional 1,094,104 shares during the period. Mullooly Asset Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $2,162,511,000. Raymond James Financial Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.5% during the 1st quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock worth $592,215,000 after acquiring an additional 151,872 shares during the period. Assetmark Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 2.4% in the 2nd quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock worth $445,958,000 after acquiring an additional 42,864 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.7% in the 2nd quarter. Blue Trust Inc. now owns 1,210,478 shares of the company’s stock valued at $290,902,000 after purchasing an additional 8,459 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 18.6%

MTUM opened at $247.80 on Thursday. The company has a market cap of $18.09 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock has a fifty day simple moving average of $251.81 and a two-hundred day simple moving average of $243.12. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99.

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.