Saxony Capital Management LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 263.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,752 shares of the company’s stock after buying an additional 2,719 shares during the quarter. Saxony Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $939,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $25,000. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. TFC Financial Management Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000. United Financial Planning Group LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000. Finally, Howe & Rusling Inc. increased its position in 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.
iShares MSCI USA Momentum Factor ETF Trading Down 2.1%
Shares of MTUM opened at $230.77 on Tuesday. The company’s fifty day simple moving average is $250.34 and its 200-day simple moving average is $251.65. The company has a market cap of $16.85 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve month 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.
Further Reading
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