Flow Traders U.S. LLC Takes $2.48 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Flow Traders U.S. LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,680 shares of the company’s stock, valued at approximately $2,482,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TFC Financial Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $28,000. United Financial Planning Group LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $28,000. Howe & Rusling Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 425.0% during the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after acquiring an additional 102 shares during the last quarter. Ameriflex Group Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 604.3% during the third quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock worth $42,000 after acquiring an additional 139 shares during the period. Finally, WFA of San Diego LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the second quarter worth $46,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $246.78 on Tuesday. The company has a market capitalization of $18.01 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a fifty day moving average price of $253.30 and a two-hundred day moving average price of $251.93. iShares MSCI USA Momentum Factor ETF has a 1 year low of $171.51 and a 1 year high of $262.10.

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.