Russell Investments Group Ltd. Buys 484 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Russell Investments Group Ltd. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 75.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,125 shares of the company’s stock after acquiring an additional 484 shares during the period. Russell Investments Group Ltd.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $233,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MTUM. Envestnet Asset Management Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 58.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock worth $2,608,970,000 after purchasing an additional 4,651,707 shares in the last quarter. Perennial Investment Advisors LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 467.3% during the 4th quarter. Perennial Investment Advisors LLC now owns 14,607 shares of the company’s stock worth $3,025,000 after buying an additional 12,032 shares during the period. Wells Fargo & Company MN boosted its holdings in iShares MSCI USA Momentum Factor ETF by 16.6% in the fourth quarter. Wells Fargo & Company MN now owns 669,693 shares of the company’s stock worth $138,573,000 after acquiring an additional 95,113 shares in the last quarter. Unison Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 2.3% in the fourth quarter. Unison Advisors LLC now owns 23,117 shares of the company’s stock valued at $4,783,000 after acquiring an additional 518 shares during the period. Finally, PAX Financial Group LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $4,379,000.

iShares MSCI USA Momentum Factor ETF Stock Down 1.9 %

Shares of MTUM opened at $205.02 on Friday. The business’s fifty day moving average is $203.51 and its 200 day moving average is $209.61. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $229.77. The stock has a market cap of $14.16 billion, a P/E ratio of 26.98 and a beta of 1.00.

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.