Dynamic Advisor Solutions LLC Increases Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Dynamic Advisor Solutions LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 15.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,888 shares of the company’s stock after acquiring an additional 256 shares during the period. Dynamic Advisor Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $382,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MTUM. Vontobel Holding Ltd. purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $432,000. Strategic Financial Concepts LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $217,000. Truist Financial Corp grew its position in iShares MSCI USA Momentum Factor ETF by 276.2% in the 4th quarter. Truist Financial Corp now owns 99,074 shares of the company’s stock valued at $20,500,000 after buying an additional 72,739 shares during the last quarter. Empower Advisory Group LLC grew its position in iShares MSCI USA Momentum Factor ETF by 4.5% in the 4th quarter. Empower Advisory Group LLC now owns 1,738 shares of the company’s stock valued at $360,000 after buying an additional 75 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in iShares MSCI USA Momentum Factor ETF by 0.8% in the 4th quarter. D.A. Davidson & CO. now owns 7,498 shares of the company’s stock valued at $1,551,000 after buying an additional 57 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $230.14 on Friday. The firm’s fifty day moving average price is $219.72 and its 200 day moving average price is $214.09. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $234.78. The firm has a market cap of $16.87 billion, a price-to-earnings ratio of 28.96 and a beta of 1.02.

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.