Archer Investment Management LLC Takes $1.36 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Archer Investment Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,414 shares of the company’s stock, valued at approximately $1,355,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Caprock Group LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter worth about $3,283,000. Acropolis Investment Management LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.5% during the 3rd quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after purchasing an additional 5,813 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 18.9% during the 3rd quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after purchasing an additional 4,790 shares in the last quarter. Advocacy Wealth Management Services LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.7% in the 2nd quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock worth $21,248,000 after purchasing an additional 4,752 shares during the last quarter. Finally, Beacon Financial Group grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 11.0% in the 3rd quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after purchasing an additional 2,203 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $245.54 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $171.51 and a 12 month high of $262.10. The company has a market capitalization of $17.92 billion, a P/E ratio of 28.67 and a beta of 1.02. The company’s 50 day simple moving average is $251.90 and its 200 day simple moving average is $252.01.

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.