Exchange Traded Concepts LLC Purchases 2,608 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Exchange Traded Concepts LLC raised its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 197.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,930 shares of the company’s stock after acquiring an additional 2,608 shares during the period. Exchange Traded Concepts LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $984,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. lifted 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 purchasing an additional 120,851 shares during the last quarter. Ameriprise Financial Inc. increased its stake 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 acquiring an additional 90,841 shares during the last quarter. Bank of America Corp DE increased its stake in iShares MSCI USA Momentum Factor ETF by 8.3% in the third quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock valued at $317,742,000 after acquiring an additional 94,881 shares during the last quarter. State of Michigan Retirement System increased its stake in iShares MSCI USA Momentum Factor ETF by 1.4% in the third quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after acquiring an additional 17,400 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.6% during the third 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 during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $245.85 on Friday. The business has a 50-day moving average price of $249.49 and a two-hundred day moving average price of $251.41. iShares MSCI USA Momentum Factor ETF has a 12-month low of $171.51 and a 12-month high of $262.10. The firm has a market cap of $17.95 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.