Diversify Advisory Services LLC Has $1.68 Million Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Diversify Advisory Services LLC increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 85.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,620 shares of the company’s stock after purchasing an additional 3,055 shares during the period. Diversify Advisory Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTUM. TFC Financial Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $28,000. Howe & Rusling Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 425.0% during the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after purchasing an additional 102 shares during the last quarter. Ameriflex Group Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 604.3% in the 3rd quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock valued at $42,000 after purchasing an additional 139 shares during the period. WFA of San Diego LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $46,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in iShares MSCI USA Momentum Factor ETF by 397.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock worth $57,000 after purchasing an additional 179 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $248.28 on Wednesday. The firm’s 50-day moving average is $253.81 and its 200-day moving average is $251.91. The company has a market cap of $18.12 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $171.51 and a 52-week high of $262.10.

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.