iShares MSCI USA Momentum Factor ETF $MTUM Position Increased by Acropolis Investment Management LLC

Acropolis Investment Management LLC raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,337 shares of the company’s stock after buying an additional 4,678 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 1.6% of Acropolis Investment Management LLC’s investment portfolio, making the stock its 15th largest holding. Acropolis Investment Management LLC owned approximately 0.19% of iShares MSCI USA Momentum Factor ETF worth $34,877,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 4.1% during the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after buying an additional 120,851 shares during the period. Ameriprise Financial Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 7.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after purchasing an additional 90,841 shares during the period. Bank of America Corp DE boosted its stake in iShares MSCI USA Momentum Factor ETF by 8.3% in the 3rd quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock worth $317,742,000 after purchasing an additional 94,881 shares during the period. State of Michigan Retirement System grew its position in iShares MSCI USA Momentum Factor ETF by 1.4% during the 3rd quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock worth $313,764,000 after purchasing an additional 17,400 shares in the last quarter. Finally, Cerity Partners LLC grew its position in iShares MSCI USA Momentum Factor ETF by 2.6% during the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock worth $295,418,000 after purchasing an additional 29,230 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 1.0%

Shares of BATS:MTUM opened at $235.76 on Friday. 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 cap of $17.21 billion, a P/E ratio of 28.67 and a beta of 1.02. The company’s fifty day moving average is $250.90 and its two-hundred day moving average is $251.83.

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.