iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by Beacon Financial Group

Beacon Financial Group lifted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 11.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 22,212 shares of the company’s stock after buying an additional 2,203 shares during the quarter. Beacon Financial Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,696,000 as of its most recent filing with the SEC.

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

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $241.92 on Thursday. The firm has a market capitalization of $17.66 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a 50 day simple moving average of $250.25 and a 200 day simple moving average of $245.42. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99.

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.