Diversify Advisory Services LLC Raises Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Diversify Advisory Services LLC increased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,521 shares of the company’s stock after buying an additional 1,901 shares during the quarter. Diversify Advisory Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Triumph Capital Management purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $25,000. Dagco Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. TFC Financial Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $28,000. United Financial Planning Group LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $28,000. Finally, Howe & Rusling Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 425.0% in the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after buying an additional 102 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4%

Shares of BATS MTUM opened at $263.44 on Friday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $187.70 and a 52 week high of $265.35. The company has a market cap of $19.23 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm’s fifty day moving average is $249.25 and its 200 day moving average is $251.42.

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.