US Bancorp DE boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 34.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 100,538 shares of the company’s stock after buying an additional 25,906 shares during the period. US Bancorp DE’s holdings in iShares MSCI USA Momentum Factor ETF were worth $25,166,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTUM. Triumph Capital Management bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $25,000. Dagco Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $25,000. Eagle Bay Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $26,000. TFC Financial Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $28,000. Finally, United Financial Planning Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $28,000.
iShares MSCI USA Momentum Factor ETF Trading Up 0.4%
MTUM stock opened at $285.09 on Friday. The stock has a market capitalization of $20.81 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $212.60 and a 12-month high of $286.87. The stock’s 50 day simple moving average is $255.43 and its 200 day simple moving average is $253.40.
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.
See Also
Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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