Strategic Financial Services Inc. Raises Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Strategic Financial Services Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.2% during the first quarter, Holdings Channel reports. The firm owned 221,605 shares of the company’s stock after purchasing an additional 400 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 2.6% of Strategic Financial Services Inc.’s holdings, making the stock its 11th largest position. Strategic Financial Services Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $44,793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MTUM. Kilter Group LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 4.0% in the first quarter. Kilter Group LLC now owns 19,211 shares of the company’s stock valued at $3,883,000 after purchasing an additional 733 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 9.9% during the first quarter. Geneos Wealth Management Inc. now owns 12,732 shares of the company’s stock worth $2,573,000 after purchasing an additional 1,149 shares during the period. Integrity Alliance LLC. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 74.1% during the first quarter. Integrity Alliance LLC. now owns 2,557 shares of the company’s stock worth $517,000 after purchasing an additional 1,088 shares during the period. SageView Advisory Group LLC raised its position in iShares MSCI USA Momentum Factor ETF by 0.7% in the first quarter. SageView Advisory Group LLC now owns 12,447 shares of the company’s stock worth $2,516,000 after acquiring an additional 88 shares in the last quarter. Finally, Advisory Alpha LLC raised its position in iShares MSCI USA Momentum Factor ETF by 4.9% in the first quarter. Advisory Alpha LLC now owns 1,439 shares of the company’s stock worth $291,000 after acquiring an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 21.7%

BATS:MTUM opened at $254.37 on Thursday. The company has a market capitalization of $18.57 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The stock has a fifty day simple moving average of $242.24 and a 200-day simple moving average of $224.29.

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.