Royal Bank of Canada Increases Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Royal Bank of Canada raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.6% in the 1st quarter, HoldingsChannel reports. The firm owned 507,713 shares of the company’s stock after purchasing an additional 26,884 shares during the period. Royal Bank of Canada’s holdings in iShares MSCI USA Momentum Factor ETF were worth $121,845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTUM. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $25,000. Cary Street Partners Financial LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $26,000. Financial Network Wealth Advisors LLC raised its position in iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares during the period. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $26,000.

iShares MSCI USA Momentum Factor ETF Stock Up 5.5%

iShares MSCI USA Momentum Factor ETF stock opened at $298.77 on Friday. The company has a market capitalization of $21.81 billion, a PE ratio of 28.67 and a beta of 1.02. The firm has a fifty day simple moving average of $317.82 and a two-hundred day simple moving average of $281.40. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59.

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.