Blalock Williams LLC Purchases 2,259 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Blalock Williams LLC boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 64.7% during the fourth quarter, Holdings Channel reports. The fund owned 5,750 shares of the company’s stock after acquiring an additional 2,259 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 1.2% of Blalock Williams LLC’s holdings, making the stock its 24th biggest holding. Blalock Williams LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,439,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $25,000. Dagco Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $26,000. TFC Financial Management Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $28,000. Finally, United Financial Planning Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $28,000.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4%

BATS MTUM opened at $285.09 on Friday. The company has a 50-day simple moving average of $255.43 and a two-hundred day simple moving average of $253.40. iShares MSCI USA Momentum Factor ETF has a 12-month low of $212.60 and a 12-month high of $286.87. The firm has a market cap of $20.81 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.