Focus Partners Wealth Boosts Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Focus Partners Wealth grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2,939.7% during the third quarter, HoldingsChannel reports. The firm owned 927,145 shares of the company’s stock after purchasing an additional 896,644 shares during the quarter. Focus Partners Wealth’s holdings in iShares MSCI USA Momentum Factor ETF were worth $237,766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MTUM. Osaic Holdings Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 59.7% in the second quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock worth $120,371,000 after buying an additional 193,332 shares in the last quarter. Ameriprise Financial Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 15.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock valued at $295,986,000 after acquiring an additional 168,340 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 474.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 150,905 shares of the company’s stock worth $36,265,000 after acquiring an additional 124,622 shares during the period. Raymond James Financial Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after acquiring an additional 120,851 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in shares of iShares MSCI USA Momentum Factor ETF by 543.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after acquiring an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 0.2%

MTUM opened at $243.44 on Monday. The stock has a market cap of $17.77 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a 50 day moving average of $253.47 and a 200-day moving average of $251.93. iShares MSCI USA Momentum Factor ETF has a 52 week low of $171.51 and a 52 week high of $262.10.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.