Ausdal Financial Partners Inc. Has $1.22 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Ausdal Financial Partners Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 237.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,768 shares of the company’s stock after purchasing an additional 3,355 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of iShares MSCI USA Momentum Factor ETF by 8.3% during the third quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock worth $317,742,000 after buying an additional 94,881 shares during the period. Ameriprise Financial Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 7.4% in the third quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock valued at $339,023,000 after buying an additional 90,841 shares during the period. Ancora Advisors LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 101.5% in the third quarter. Ancora Advisors LLC now owns 262 shares of the company’s stock valued at $67,000 after buying an additional 132 shares during the period. Imprint Wealth LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at $63,000. Finally, Raymond James Financial Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 4.1% during the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock valued at $785,571,000 after acquiring an additional 120,851 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.4%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $246.78 on Tuesday. The business has a 50-day moving average price of $253.30 and a two-hundred day moving average price of $251.93. iShares MSCI USA Momentum Factor ETF has a 1-year low of $171.51 and a 1-year high of $262.10. The company has a market cap of $18.01 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.