Financial Counselors Inc. Grows Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Financial Counselors Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 23.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,351 shares of the company’s stock after acquiring an additional 256 shares during the period. Financial Counselors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $274,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MTUM. Mercer Global Advisors Inc. ADV raised its stake in iShares MSCI USA Momentum Factor ETF by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after acquiring an additional 213,637 shares during the last quarter. Assetmark Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the third quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock worth $343,269,000 after purchasing an additional 72,891 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the third quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock worth $217,745,000 after purchasing an additional 26,235 shares during the period. FMR LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 12.2% in the third quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after buying an additional 73,442 shares during the last quarter. Finally, LPL Financial LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 2.0% in the third quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock valued at $125,668,000 after buying an additional 11,968 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.6 %

MTUM opened at $216.52 on Monday. The firm has a 50 day moving average of $207.70 and a two-hundred day moving average of $197.81. The firm has a market capitalization of $11.72 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

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.