Bank of New York Mellon Corp Increases Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Bank of New York Mellon Corp raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 424,939 shares of the company’s stock after buying an additional 40,666 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.58% of iShares MSCI USA Momentum Factor ETF worth $101,981,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Braun Bostich & Associates Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 63.4% during the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock worth $2,878,000 after purchasing an additional 4,463 shares in the last quarter. Cypress Wealth Services LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 63.6% in the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock valued at $3,698,000 after acquiring an additional 5,740 shares during the last quarter. Flagship Capital Management Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $1,779,000. Assetmark Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.5% during the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after purchasing an additional 37,278 shares during the last quarter. Finally, Beacon Bridge Wealth Partners LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 78.3% during the fourth quarter. Beacon Bridge Wealth Partners LLC now owns 22,617 shares of the company’s stock worth $5,661,000 after purchasing an additional 9,932 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.2%

Shares of MTUM opened at $302.64 on Tuesday. The stock has a 50 day moving average price of $317.37 and a 200 day moving average price of $278.64. The company has a market capitalization of $22.09 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59.

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.