Savvy Advisors Inc. Increases Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Savvy Advisors Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 21.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 30,041 shares of the company’s stock after acquiring an additional 5,337 shares during the quarter. Savvy Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bison Wealth LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after acquiring an additional 133 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.7% during the 1st quarter. Golden State Wealth Management LLC now owns 4,953 shares of the company’s stock worth $1,001,000 after acquiring an additional 265 shares during the period. Avidian Wealth Enterprises LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 8.4% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 1,307 shares of the company’s stock worth $264,000 after acquiring an additional 101 shares during the period. Mather Group LLC. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 28.9% during the 1st quarter. Mather Group LLC. now owns 3,362 shares of the company’s stock worth $680,000 after acquiring an additional 754 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 40.2% in the 1st quarter. DAVENPORT & Co LLC now owns 26,672 shares of the company’s stock worth $5,391,000 after buying an additional 7,643 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $257.89 on Thursday. The business’s fifty day moving average price is $251.85 and its 200-day moving average price is $237.37. The stock has a market capitalization of $18.83 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99.

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.