iShares MSCI USA Momentum Factor ETF $MTUM Position Raised by Convergence Financial LLC

Convergence Financial LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 11.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,660 shares of the company’s stock after purchasing an additional 8,469 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 3.1% of Convergence Financial LLC’s portfolio, making the stock its 8th biggest position. Convergence Financial LLC owned about 0.11% of iShares MSCI USA Momentum Factor ETF worth $20,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Bison Wealth LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after buying an additional 133 shares during the period. Empowered Funds LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $2,488,000. International Assets Investment Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $206,000. D.A. Davidson & CO. grew its holdings in iShares MSCI USA Momentum Factor ETF by 148.4% during the 2nd quarter. D.A. Davidson & CO. now owns 25,600 shares of the company’s stock valued at $6,152,000 after purchasing an additional 15,293 shares during the last quarter. Finally, Freedom Investment Management Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 18.2% in the 2nd quarter. Freedom Investment Management Inc. now owns 3,791 shares of the company’s stock worth $911,000 after purchasing an additional 583 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $254.77 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $171.51 and a 1 year high of $262.10. The firm has a 50-day simple moving average of $254.08 and a two-hundred day simple moving average of $251.32. The company has a market cap of $18.60 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.