CPC Advisors LLC Increases Stake in iShares MSCI USA Momentum Factor ETF $MTUM

CPC Advisors LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,184 shares of the company’s stock after acquiring an additional 3,325 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 1.8% of CPC Advisors LLC’s investment portfolio, making the stock its 12th largest position. CPC Advisors LLC owned 0.10% of iShares MSCI USA Momentum Factor ETF worth $18,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dagco Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $25,000. Triumph Capital Management acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $25,000. Eagle Bay Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $26,000. TFC Financial Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $28,000. Finally, United Financial Planning Group LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $28,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $271.59 on Wednesday. The firm has a 50 day moving average price of $251.74 and a 200 day moving average price of $252.17. The company has a market cap of $19.83 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $192.30 and a 1 year high of $275.23.

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.