iShares MSCI USA Momentum Factor ETF $MTUM Position Boosted by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 79.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,688 shares of the company’s stock after acquiring an additional 43,180 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 1.5% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ portfolio, making the stock its 15th largest position. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned about 0.13% of iShares MSCI USA Momentum Factor ETF worth $24,452,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $25,000. Dagco Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $25,000. TFC Financial Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter worth about $28,000. United Financial Planning Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $28,000. Finally, Howe & Rusling Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 425.0% in the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after buying an additional 102 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $245.85 on Friday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $171.51 and a 52 week high of $262.10. The stock has a market cap of $17.95 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company’s 50-day moving average price is $249.49 and its two-hundred day moving average price is $251.41.

iShares MSCI USA Momentum Factor ETF Company 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.