CX Institutional Buys Shares of 214 iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

CX Institutional bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 214 shares of the company’s stock, valued at approximately $43,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 58.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock worth $2,608,970,000 after acquiring an additional 4,651,707 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $574,824,000. LPL Financial LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 215.4% during the fourth quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock worth $404,454,000 after purchasing an additional 1,334,851 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 204.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,128,104 shares of the company’s stock worth $233,427,000 after purchasing an additional 758,024 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 5,196.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock valued at $142,658,000 after purchasing an additional 676,419 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $229.98 on Wednesday. The firm’s 50 day moving average price is $218.37 and its two-hundred day moving average price is $213.88. The firm has a market cap of $16.86 billion, a PE ratio of 28.96 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $234.78.

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.