True Vision MN LLC Boosts Stake in iShares MSCI USA Momentum Factor ETF $MTUM

True Vision MN LLC raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 63.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,129 shares of the company’s stock after purchasing an additional 5,867 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.9% of True Vision MN LLC’s portfolio, making the stock its 15th largest holding. True Vision MN LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,787,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Caprock Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $3,283,000. Acropolis Investment Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 4.5% in the 3rd quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock worth $32,361,000 after acquiring an additional 5,813 shares during the period. Strategic Blueprint LLC grew its position in iShares MSCI USA Momentum Factor ETF by 18.9% in the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after acquiring an additional 4,790 shares in the last quarter. Advocacy Wealth Management Services LLC grew its position in iShares MSCI USA Momentum Factor ETF by 5.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock valued at $21,248,000 after acquiring an additional 4,752 shares in the last quarter. Finally, Beacon Financial Group raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 11.0% during the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock valued at $5,696,000 after purchasing an additional 2,203 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Down 1.0%

BATS MTUM opened at $235.76 on Friday. The stock has a market cap of $17.21 billion, a P/E ratio of 28.67 and a beta of 1.02. The company’s fifty day simple moving average is $250.90 and its 200-day simple moving average is $251.81. 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 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.