Truist Financial Corp Purchases 35,158 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Truist Financial Corp raised its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 28.3% in the fourth quarter, HoldingsChannel reports. The fund owned 159,598 shares of the company’s stock after acquiring an additional 35,158 shares during the period. Truist Financial Corp’s holdings in iShares MSCI USA Momentum Factor ETF were worth $39,949,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Caprock Group LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $3,283,000. Strategic Blueprint LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 18.9% during the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock worth $7,713,000 after acquiring an additional 4,790 shares during the period. Braun Bostich & Associates Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 63.4% during the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock worth $2,878,000 after acquiring an additional 4,463 shares during the period. FLP Wealth Management LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 753.1% during the third quarter. FLP Wealth Management LLC now owns 12,566 shares of the company’s stock worth $3,223,000 after acquiring an additional 11,093 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the third 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 Trading Up 2.4%

Shares of MTUM stock opened at $291.10 on Wednesday. The stock has a market cap of $21.25 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock has a 50 day simple moving average of $256.16 and a 200 day simple moving average of $253.64. iShares MSCI USA Momentum Factor ETF has a 1 year low of $212.60 and a 1 year high of $292.37.

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.