iShares MSCI USA Momentum Factor ETF $MTUM Shares Bought by Sovran Advisors LLC

Sovran Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 25.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,855 shares of the company’s stock after purchasing an additional 3,400 shares during the period. Sovran Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,274,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. TFC Financial Management Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $28,000. WFA of San Diego LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $46,000. GAMMA Investing LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 45.0% in the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after purchasing an additional 67 shares during the period. Hilltop National Bank bought a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $55,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of iShares MSCI USA Momentum Factor ETF by 397.8% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock valued at $57,000 after purchasing an additional 179 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $255.62 on Monday. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The company has a market capitalization of $18.66 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s fifty day moving average is $251.42 and its 200-day moving average is $249.38.

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.