SWP Financial LLC Purchases 5,861 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

SWP Financial LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 63.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,151 shares of the company’s stock after purchasing an additional 5,861 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 1.9% of SWP Financial LLC’s investment portfolio, making the stock its 17th largest position. SWP Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MTUM. Raymond James Financial Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.1% in the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock valued at $785,571,000 after purchasing an additional 120,851 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 7.4% during the third quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after buying an additional 90,841 shares in the last quarter. Bank of America Corp DE boosted its stake in iShares MSCI USA Momentum Factor ETF by 8.3% during the third quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock worth $317,742,000 after buying an additional 94,881 shares in the last quarter. State of Michigan Retirement System increased its holdings in iShares MSCI USA Momentum Factor ETF by 1.4% in the 3rd quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after buying an additional 17,400 shares during the period. Finally, Cerity Partners LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock valued at $295,418,000 after buying an additional 29,230 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $245.24 on Thursday. The firm has a fifty day moving average of $249.89 and a 200-day moving average of $251.51. The stock has a market cap of $17.90 billion, a price-to-earnings 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.

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.