Keystone Global Partners LLC Makes New $2.96 Million Investment in iShares MSCI USA Momentum Factor ETF $MTUM

Keystone Global Partners LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the third quarter, Holdings Channel reports. The fund acquired 11,526 shares of the company’s stock, valued at approximately $2,956,000. iShares MSCI USA Momentum Factor ETF accounts for 1.5% of Keystone Global Partners LLC’s investment portfolio, making the stock its 22nd biggest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in 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 in the last quarter. Raymond James Financial Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 0.4% during the 2nd quarter. Raymond James Financial Inc. now owns 2,942,400 shares of the company’s stock worth $707,117,000 after acquiring an additional 12,526 shares during the period. Assetmark Inc. raised its holdings in 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 valued at $445,958,000 after acquiring an additional 42,864 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 15.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock valued at $295,986,000 after acquiring an additional 168,340 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 0.7% during the 2nd quarter. Blue Trust Inc. now owns 1,210,478 shares of the company’s stock valued at $290,902,000 after acquiring an additional 8,459 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $252.70 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The firm has a market cap of $18.45 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s fifty day moving average is $250.12 and its 200-day moving average is $246.83.

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.