New York Life Investment Management LLC Buys 15,382 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

New York Life Investment Management LLC boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 166,692 shares of the company’s stock after buying an additional 15,382 shares during the period. New York Life Investment Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $41,725,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MTUM. Raymond James Financial Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after acquiring an additional 120,851 shares during the period. Assetmark Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after purchasing an additional 37,278 shares during the period. Ameriprise Financial Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after purchasing an additional 90,841 shares during the last quarter. State of Michigan Retirement System lifted its holdings in iShares MSCI USA Momentum Factor ETF by 5.2% during the 4th quarter. State of Michigan Retirement System now owns 1,287,290 shares of the company’s stock worth $322,222,000 after purchasing an additional 63,800 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 9.6% in the 4th quarter. Blue Trust Inc. now owns 1,242,390 shares of the company’s stock valued at $310,983,000 after purchasing an additional 108,825 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $307.25 on Friday. The stock’s fifty day moving average price is $263.17 and its two-hundred day moving average price is $256.07. iShares MSCI USA Momentum Factor ETF has a one year low of $223.47 and a one year high of $307.96. The firm has a market cap of $22.43 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.