Magnus Financial Group LLC Buys 4,078 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Magnus Financial Group LLC boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 71.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,816 shares of the company’s stock after acquiring an additional 4,078 shares during the period. Magnus Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTUM. TFC Financial Management Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000. WFA of San Diego LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter valued at $46,000. GAMMA Investing LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 45.0% during the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after acquiring an additional 67 shares during the period. Hilltop National Bank bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $55,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 397.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock valued at $57,000 after purchasing an additional 179 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $255.65 on Thursday. The stock’s 50-day moving average is $250.39 and its 200 day moving average is $248.41. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The firm has a market cap of $18.66 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.