Cypress Wealth Services LLC Increases Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Cypress Wealth Services LLC raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 63.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,772 shares of the company’s stock after acquiring an additional 5,740 shares during the quarter. Cypress Wealth Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,698,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTUM. Triumph Capital Management bought a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $25,000. Dagco Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. TFC Financial Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $28,000. United Financial Planning Group LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $28,000. Finally, Howe & Rusling Inc. increased its stake 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 period.

iShares MSCI USA Momentum Factor ETF Stock Down 1.0%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $235.76 on Friday. The business has a 50 day moving average of $250.90 and a 200 day moving average of $251.83. iShares MSCI USA Momentum Factor ETF has a 52 week low of $171.51 and a 52 week high of $262.10. The company has a market cap of $17.21 billion, a PE ratio of 28.67 and a beta of 1.02.

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.