iShares MSCI USA Momentum Factor ETF $MTUM Shares Acquired by Ehrlich Financial Group

Ehrlich Financial Group lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 54.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,306 shares of the company’s stock after buying an additional 4,672 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 1.9% of Ehrlich Financial Group’s investment portfolio, making the stock its 15th largest holding. Ehrlich Financial Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of MTUM. Anderson Hoagland & Co. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 2.9% during the 4th quarter. Anderson Hoagland & Co. now owns 37,673 shares of the company’s stock worth $9,430,000 after buying an additional 1,048 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 35.7% during the fourth quarter. Park Avenue Securities LLC now owns 711,023 shares of the company’s stock valued at $177,976,000 after acquiring an additional 187,155 shares during the period. GoalVest Advisory LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $258,000. Cape Investment Advisory Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 16.6% during the third quarter. Cape Investment Advisory Inc. now owns 759 shares of the company’s stock worth $195,000 after buying an additional 108 shares during the period. Finally, Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $25,000.

iShares MSCI USA Momentum Factor ETF Stock Up 0.3%

Shares of MTUM opened at $246.86 on Friday. The firm has a 50-day moving average price of $252.76 and a 200 day moving average price of $251.89. The firm has a market capitalization of $18.02 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $171.51 and a 52-week high of $262.10.

iShares MSCI USA Momentum Factor ETF Company 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.