Commonwealth Equity Services LLC Has $92.42 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Commonwealth Equity Services LLC grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 360,382 shares of the company’s stock after purchasing an additional 5,201 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.49% of iShares MSCI USA Momentum Factor ETF worth $92,420,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after acquiring an additional 1,094,104 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $220,286,000. Orgel Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $158,559,000. Park Avenue Securities LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $109,923,000. Finally, Osaic Holdings Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 59.7% in the second quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock valued at $120,371,000 after purchasing an additional 193,332 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 22.1%

BATS:MTUM opened at $255.15 on Tuesday. 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 market capitalization of $18.63 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business’s 50-day moving average price is $249.95 and its two-hundred day moving average price is $247.44.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.