iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 46.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,075 shares of the company’s stock after purchasing an additional 12,704 shares during the quarter. Farther Finance Advisors LLC owned 0.05% of iShares MSCI USA Momentum Factor ETF worth $10,031,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTUM. Bison Wealth LLC raised its position in iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at $2,488,000. Russell Investments Group Ltd. raised its position in iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after purchasing an additional 128 shares during the period. First Trust Advisors LP purchased a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at $350,000. Finally, Qube Research & Technologies Ltd raised its position in iShares MSCI USA Momentum Factor ETF by 543.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after purchasing an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 0.1%

BATS:MTUM opened at $269.99 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $187.70 and a 52 week high of $270.33. The company has a market capitalization of $19.71 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock’s fifty day moving average is $250.14 and its two-hundred day moving average is $251.72.

About iShares MSCI USA Momentum Factor ETF

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.