Sovran Advisors LLC Has $5.43 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Sovran Advisors LLC grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 25.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,115 shares of the company’s stock after purchasing an additional 4,260 shares during the period. Sovran Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,431,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Focus Partners Wealth lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2,939.7% during the 3rd quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock worth $237,766,000 after buying an additional 896,644 shares during the last quarter. Osaic Holdings Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 59.7% in the second quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock valued at $120,371,000 after acquiring an additional 193,332 shares during the last quarter. Park Avenue Securities LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 35.7% during the fourth quarter. Park Avenue Securities LLC now owns 711,023 shares of the company’s stock worth $177,976,000 after acquiring an additional 187,155 shares in the last quarter. Ameriprise Financial Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 15.8% during the second quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock worth $295,986,000 after acquiring an additional 168,340 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 474.2% in the second quarter. Orion Porfolio Solutions LLC now owns 150,905 shares of the company’s stock worth $36,265,000 after acquiring an additional 124,622 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $245.85 on Friday. The company’s 50 day moving average is $249.49 and its 200-day moving average is $251.40. iShares MSCI USA Momentum Factor ETF has a 1-year low of $171.51 and a 1-year high of $262.10. The company has a market cap of $17.95 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.