Cerity Partners LLC Raises Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Cerity Partners LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,151,952 shares of the company’s stock after purchasing an additional 29,230 shares during the period. Cerity Partners LLC owned approximately 1.58% of iShares MSCI USA Momentum Factor ETF worth $295,418,000 as of its most recent SEC filing.

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

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $258.21 on Wednesday. The firm has a market cap of $18.85 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock has a 50 day simple moving average of $249.95 and a two-hundred day simple moving average of $247.63. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99.

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