Strategic Investment Advisors MI Acquires 103,202 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Strategic Investment Advisors MI increased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 274.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,862 shares of the company’s stock after purchasing an additional 103,202 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 2.8% of Strategic Investment Advisors MI’s holdings, making the stock its 12th biggest position. Strategic Investment Advisors MI owned 0.19% of iShares MSCI USA Momentum Factor ETF worth $36,124,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Focus Partners Wealth grew its position in shares of iShares MSCI USA Momentum Factor ETF by 2,939.7% during the 3rd quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock worth $237,766,000 after buying an additional 896,644 shares during the period. Osaic Holdings Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 59.7% in the 2nd quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock valued at $120,371,000 after acquiring an additional 193,332 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 15.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock valued at $295,986,000 after acquiring an additional 168,340 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 474.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 150,905 shares of the company’s stock valued at $36,265,000 after acquiring an additional 124,622 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 4.1% during the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after acquiring an additional 120,851 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 0.8%

BATS:MTUM opened at $246.24 on Thursday. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm has a fifty day simple moving average of $252.90 and a two-hundred day simple moving average of $251.93. iShares MSCI USA Momentum Factor ETF has a 12 month low of $171.51 and a 12 month high of $262.10.

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.