Ameriprise Financial Inc. Buys 90,841 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Ameriprise Financial Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,321,883 shares of the company’s stock after acquiring an additional 90,841 shares during the period. Ameriprise Financial Inc. owned about 1.81% of iShares MSCI USA Momentum Factor ETF worth $339,023,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MTUM. TFC Financial Management Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000. United Financial Planning Group LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000. Howe & Rusling Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 425.0% in the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after acquiring an additional 102 shares during the last quarter. Ameriflex Group Inc. grew its position in shares of 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 acquiring an additional 139 shares during the period. Finally, WFA of San Diego LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $46,000.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $246.78 on Tuesday. The company’s 50-day moving average is $253.30 and its 200-day moving average is $251.93. The firm has a market capitalization of $18.01 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $171.51 and a fifty-two week high of $262.10.

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