Acropolis Investment Management LLC Acquires 5,813 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Acropolis Investment Management LLC increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,659 shares of the company’s stock after purchasing an additional 5,813 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 1.6% of Acropolis Investment Management LLC’s portfolio, making the stock its 13th biggest position. Acropolis Investment Management LLC owned about 0.18% of iShares MSCI USA Momentum Factor ETF worth $32,361,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Advocacy Wealth Management Services LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.7% during the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock valued at $21,248,000 after acquiring an additional 4,752 shares during the period. Allworth Financial LP increased its position in shares of iShares MSCI USA Momentum Factor ETF by 88.4% during the 2nd quarter. Allworth Financial LP now owns 18,613 shares of the company’s stock worth $4,473,000 after purchasing an additional 8,731 shares in the last quarter. Gilbert Capital Group Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at about $3,750,000. Symmetry Partners LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 7.7% during the second quarter. Symmetry Partners LLC now owns 220,864 shares of the company’s stock worth $53,078,000 after buying an additional 15,774 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in iShares MSCI USA Momentum Factor ETF by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 219,172 shares of the company’s stock worth $52,671,000 after buying an additional 4,086 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 15.8%

BATS:MTUM opened at $241.92 on Thursday. The stock has a market capitalization of $17.66 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99. The firm has a 50 day moving average of $250.25 and a 200-day moving average of $245.42.

iShares MSCI USA Momentum Factor ETF Company 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.