MONECO Advisors LLC Takes $718,000 Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

MONECO Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,577 shares of the company’s stock, valued at approximately $718,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crestwood Advisors Group LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 11,222 shares of the company’s stock valued at $1,568,000 after acquiring an additional 449 shares during the last quarter. Simplicity Solutions LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $572,000. J.W. Cole Advisors Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 3.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 10,592 shares of the company’s stock valued at $1,662,000 after purchasing an additional 317 shares during the period. Brookstone Capital Management increased its holdings in iShares MSCI USA Momentum Factor ETF by 10.3% during the 4th quarter. Brookstone Capital Management now owns 4,028 shares of the company’s stock valued at $632,000 after purchasing an additional 376 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 2.1% during the 3rd quarter. Corient Private Wealth LLC now owns 652,951 shares of the company’s stock valued at $91,217,000 after purchasing an additional 13,613 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $177.11 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The company has a market cap of $9.59 billion, a PE ratio of 18.53 and a beta of 1.10. The stock’s 50-day moving average is $183.50 and its 200 day moving average is $165.37.

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.