International Assets Investment Management LLC Invests $17.09 Million in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

International Assets Investment Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 108,940 shares of the company’s stock, valued at approximately $17,092,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Sound Income Strategies LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 281.5% in the 4th quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock worth $39,000 after purchasing an additional 183 shares during the last quarter. Baker Avenue Asset Management LP boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 46.8% during the third quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock valued at $39,000 after acquiring an additional 89 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $41,000. Provence Wealth Management Group bought a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $54,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 83.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 576 shares of the company’s stock valued at $80,000 after buying an additional 262 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.6 %

Shares of BATS MTUM opened at $180.10 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The company has a market cap of $9.75 billion, a PE ratio of 18.53 and a beta of 1.10. The stock has a 50 day simple moving average of $183.47 and a 200-day simple moving average of $165.94.

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.