State of Michigan Retirement System Raises Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

State of Michigan Retirement System lifted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,223,490 shares of the company’s stock after purchasing an additional 17,400 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.5% of State of Michigan Retirement System’s investment portfolio, making the stock its 11th largest position. State of Michigan Retirement System’s holdings in iShares MSCI USA Momentum Factor ETF were worth $313,764,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Acropolis Investment Management LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 4.5% in the 3rd quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock worth $32,361,000 after buying an additional 5,813 shares during the period. Strategic Blueprint LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 18.9% during the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock worth $7,713,000 after acquiring an additional 4,790 shares during the period. Advocacy Wealth Management Services LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock valued at $21,248,000 after purchasing an additional 4,752 shares during the period. Beacon Financial Group grew its stake in iShares MSCI USA Momentum Factor ETF by 11.0% in the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after purchasing an additional 2,203 shares in the last quarter. Finally, FLP Wealth Management LLC raised its position in iShares MSCI USA Momentum Factor ETF by 753.1% during the 3rd quarter. FLP Wealth Management LLC now owns 12,566 shares of the company’s stock valued at $3,223,000 after purchasing an additional 11,093 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 21.4%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $253.62 on Friday. The stock’s fifty day moving average price is $253.77 and its 200-day moving average price is $250.42. The firm has a market cap of $18.51 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.