Y Intercept Hong Kong Ltd Takes Position in iShares MSCI USA Momentum Factor ETF $MTUM

Y Intercept Hong Kong Ltd bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 4,074 shares of the company’s stock, valued at approximately $1,045,000.

Other large investors have also recently modified their holdings of the company. TFC Financial Management Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter worth about $28,000. WFA of San Diego LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $46,000. GAMMA Investing LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after buying an additional 67 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 397.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after acquiring an additional 179 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $55,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $255.79 on Friday. The firm has a 50 day moving average price of $253.22 and a 200-day moving average price of $250.04. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The firm has a market capitalization of $18.67 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.