Cyndeo Wealth Partners LLC Acquires 4,485 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Cyndeo Wealth Partners LLC grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 150.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,472 shares of the company’s stock after purchasing an additional 4,485 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MTUM. Bank of Montreal Can grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 91.7% during the second quarter. Bank of Montreal Can now owns 2,573 shares of the company’s stock valued at $502,000 after buying an additional 1,231 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 253.6% during the second quarter. Marshall Wace LLP now owns 24,753 shares of the company’s stock valued at $4,824,000 after buying an additional 17,753 shares during the last quarter. AQR Capital Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at $253,000. Beaird Harris Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 315.9% in the second quarter. Beaird Harris Wealth Management LLC now owns 574 shares of the company’s stock valued at $112,000 after purchasing an additional 436 shares during the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 2.4% in the second quarter. Kathmere Capital Management LLC now owns 179,752 shares of the company’s stock valued at $35,028,000 after purchasing an additional 4,267 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $222.97 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm’s fifty day moving average is $212.86 and its two-hundred day moving average is $203.35.

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.