Tsfg LLC Increases Position in iShares MSCI USA Momentum Factor ETF $MTUM

Tsfg LLC grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 80.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 35,419 shares of the company’s stock after buying an additional 15,833 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.3% of Tsfg LLC’s portfolio, making the stock its 21st largest position. Tsfg LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MTUM. Bison Wealth LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after buying an additional 133 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $2,488,000. Russell Investments Group Ltd. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after buying an additional 128 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 543.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after buying an additional 107,665 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $306.66 on Tuesday. The company has a 50-day simple moving average of $259.93 and a 200-day simple moving average of $254.96. iShares MSCI USA Momentum Factor ETF has a one year low of $220.89 and a one year high of $307.86. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.