iShares MSCI USA Momentum Factor ETF $MTUM Shares Acquired by Assetmark Inc.

Assetmark Inc. grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,502,409 shares of the company’s stock after purchasing an additional 37,278 shares during the period. iShares MSCI USA Momentum Factor ETF makes up approximately 0.8% of Assetmark Inc.’s portfolio, making the stock its 26th biggest holding. Assetmark Inc. owned about 2.06% of iShares MSCI USA Momentum Factor ETF worth $376,068,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dagco Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $25,000. Triumph Capital Management acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $26,000. TFC Financial Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $28,000. Finally, United Financial Planning Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $28,000.

iShares MSCI USA Momentum Factor ETF Trading Up 1.0%

BATS:MTUM opened at $266.05 on Tuesday. The firm has a market cap of $19.42 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock’s 50 day simple moving average is $249.40 and its 200-day simple moving average is $251.48. iShares MSCI USA Momentum Factor ETF has a 12-month low of $187.70 and a 12-month high of $266.28.

iShares MSCI USA Momentum Factor ETF Company 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.