iShares MSCI USA Momentum Factor ETF $MTUM Shares Acquired by Savvy Advisors Inc.

Savvy Advisors Inc. lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,237 shares of the company’s stock after purchasing an additional 5,192 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 0.8% of Savvy Advisors Inc.’s holdings, making the stock its 24th largest position. Savvy Advisors Inc. owned approximately 0.14% of iShares MSCI USA Momentum Factor ETF worth $24,840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTUM. Bison Wealth LLC raised its position in iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th 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 last quarter. Empowered Funds LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $2,488,000. Russell Investments Group Ltd. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after acquiring an additional 128 shares during the last quarter. CW Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 45.8% in the 2nd quarter. CW Advisors LLC now owns 4,918 shares of the company’s stock valued at $1,182,000 after acquiring an additional 1,546 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth $350,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $245.85 on Friday. The stock has a market cap of $17.95 billion, a PE ratio of 28.67 and a beta of 1.02. The firm has a fifty day moving average price of $249.49 and a 200 day moving average price of $251.40. 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.