Pinnacle Associates Ltd. lifted its holdings in shares of iShares Edge MSCI USA Momentum Factor ETF (BATS:MTUM) by 16.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,120 shares of the company’s stock after acquiring an additional 985 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares Edge MSCI USA Momentum Factor ETF were worth $799,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. increased its position in iShares Edge MSCI USA Momentum Factor ETF by 0.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,113,197 shares of the company’s stock worth $237,059,000 after buying an additional 11,808 shares during the last quarter. Bank of New York Mellon Corp increased its position in iShares Edge MSCI USA Momentum Factor ETF by 2,606.7% in the fourth quarter. Bank of New York Mellon Corp now owns 961,146 shares of the company’s stock worth $96,336,000 after buying an additional 925,636 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in iShares Edge MSCI USA Momentum Factor ETF in the first quarter worth $52,597,000. PFS Investments Inc. increased its position in iShares Edge MSCI USA Momentum Factor ETF by 10.8% in the first quarter. PFS Investments Inc. now owns 407,245 shares of the company’s stock worth $45,685,000 after buying an additional 39,581 shares during the last quarter. Finally, Claybrook Capital LLC purchased a new stake in iShares Edge MSCI USA Momentum Factor ETF in the fourth quarter worth $31,806,000.

BATS:MTUM opened at $112.19 on Monday. iShares Edge MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60.

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Institutional Ownership by Quarter for iShares Edge MSCI USA Momentum Factor ETF (BATS:MTUM)

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