Foster Group Inc. Purchases 2,207 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Foster Group Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 301,241 shares of the company’s stock after purchasing an additional 2,207 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 2.4% of Foster Group Inc.’s investment portfolio, making the stock its 12th biggest holding. Foster Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $77,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of MTUM. Harbor Investment Advisory LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 262.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after acquiring an additional 118 shares during the last quarter. WFA of San Diego LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter worth $46,000. GAMMA Investing LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 45.0% during the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock valued at $52,000 after purchasing an additional 67 shares in the last quarter. Hilltop National Bank bought a new position in iShares MSCI USA Momentum Factor ETF during the second quarter valued at $55,000. Finally, Fortitude Family Office LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 109.0% during the second quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock valued at $61,000 after purchasing an additional 133 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 20.1%

Shares of BATS:MTUM opened at $251.10 on Monday. The firm has a fifty day simple moving average of $250.08 and a two-hundred day simple moving average of $245.71. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99. The stock has a market capitalization of $18.33 billion, a P/E ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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.