7,107 Shares in iShares MSCI USA Momentum Factor ETF $MTUM Bought by Flagship Capital Management Inc.

Flagship Capital Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 7,107 shares of the company’s stock, valued at approximately $1,779,000. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.3% of Flagship Capital Management Inc.’s investment portfolio, making the stock its 26th biggest holding.

A number of other hedge funds have also recently modified their holdings of the company. Vavra Capital Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $715,000. Washburn Capital Management Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 68.4% in the fourth quarter. Washburn Capital Management Inc. now owns 16,125 shares of the company’s stock valued at $4,036,000 after acquiring an additional 6,550 shares during the period. Maseco LLP purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $39,000. Beacon Financial Planning Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 19.6% in the fourth quarter. Beacon Financial Planning Inc. now owns 8,928 shares of the company’s stock valued at $2,235,000 after acquiring an additional 1,460 shares during the period. Finally, Prime Capital Investment Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 6.9% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 25,183 shares of the company’s stock valued at $6,303,000 after acquiring an additional 1,625 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 1.1%

MTUM stock opened at $262.41 on Friday. The firm’s 50-day moving average price is $249.10 and its two-hundred day moving average price is $251.42. iShares MSCI USA Momentum Factor ETF has a 12-month low of $187.54 and a 12-month high of $263.03. The stock has a market capitalization of $19.16 billion, a price-to-earnings 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.