Moneta Group Investment Advisors LLC purchased a new stake in iShares Edge MSCI USA Momentum Factor ETF (BATS:MTUM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,868 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds have also added to or reduced their stakes in MTUM. SG Americas Securities LLC increased its stake in iShares Edge MSCI USA Momentum Factor ETF by 124.1% in the 1st quarter. SG Americas Securities LLC now owns 11,000 shares of the company’s stock valued at $1,165,000 after buying an additional 6,091 shares during the period. IFP Advisors Inc increased its stake in iShares Edge MSCI USA Momentum Factor ETF by 65.6% in the 1st quarter. IFP Advisors Inc now owns 58,600 shares of the company’s stock valued at $6,207,000 after buying an additional 23,211 shares during the period. Eldridge Investment Advisors Inc. increased its stake in iShares Edge MSCI USA Momentum Factor ETF by 0.9% in the 1st quarter. Eldridge Investment Advisors Inc. now owns 91,102 shares of the company’s stock valued at $9,649,000 after buying an additional 819 shares during the period. Well Done LLC increased its stake in iShares Edge MSCI USA Momentum Factor ETF by 2.5% in the 1st quarter. Well Done LLC now owns 273,277 shares of the company’s stock valued at $28,946,000 after buying an additional 6,590 shares during the period. Finally, Cambria Investment Management L.P. grew its stake in shares of iShares Edge MSCI USA Momentum Factor ETF by 15.0% during the 1st quarter. Cambria Investment Management L.P. now owns 24,222 shares of the company’s stock worth $2,566,000 after purchasing an additional 3,156 shares during the period.

BATS:MTUM opened at $116.91 on Tuesday. iShares Edge MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60.

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Institutional Ownership by Quarter for iShares Edge MSCI USA Momentum Factor ETF (BATS:MTUM)

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