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

CoreCap Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 89.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,834 shares of the company’s stock after purchasing an additional 3,235 shares during the period. CoreCap Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of MTUM. Dagco Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $25,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $25,000. TFC Financial Management Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000. United Financial Planning Group LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $28,000. Finally, Howe & Rusling Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 425.0% during the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after buying an additional 102 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $235.76 on Friday. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock’s fifty day moving average price is $250.90 and its 200 day moving average price is $251.83. iShares MSCI USA Momentum Factor ETF has a 1 year low of $171.51 and a 1 year high of $262.10.

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.