Flagship Harbor Advisors LLC Has $2.31 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Flagship Harbor Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 31.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,229 shares of the company’s stock after acquiring an additional 2,224 shares during the period. Flagship Harbor Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Successful Portfolios LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 2.9% during the third quarter. Successful Portfolios LLC now owns 1,412 shares of the company’s stock valued at $362,000 after purchasing an additional 40 shares in the last quarter. Centurion Wealth Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.7% in the 3rd quarter. Centurion Wealth Management LLC now owns 5,764 shares of the company’s stock worth $1,478,000 after buying an additional 42 shares in the last quarter. Silverlake Wealth Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.1% in the 2nd quarter. Silverlake Wealth Management LLC now owns 3,917 shares of the company’s stock worth $941,000 after buying an additional 43 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.1% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,961 shares of the company’s stock worth $1,016,000 after buying an additional 43 shares during the period. Finally, LifeSteps Financial Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.3% during the 3rd quarter. LifeSteps Financial Inc. now owns 1,920 shares of the company’s stock worth $492,000 after buying an additional 44 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $249.28 on Wednesday. The stock’s fifty day simple moving average is $249.08 and its 200 day simple moving average is $251.28. iShares MSCI USA Momentum Factor ETF has a one year low of $178.11 and a one year high of $262.10. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.