Portfolio Resources Advisor Group Inc. Takes Position in iShares MSCI USA Momentum Factor ETF $MTUM

Portfolio Resources Advisor Group Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,633 shares of the company’s stock, valued at approximately $2,411,000. iShares MSCI USA Momentum Factor ETF comprises approximately 2.4% of Portfolio Resources Advisor Group Inc.’s investment portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bison Wealth LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after buying an additional 133 shares during the last quarter. Empowered Funds LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $2,488,000. Russell Investments Group Ltd. lifted its position in iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after buying an additional 128 shares during the last quarter. First Trust Advisors LP acquired a new position in iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd lifted its position in iShares MSCI USA Momentum Factor ETF by 543.9% in the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after buying an additional 107,665 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $324.40 on Monday. The firm’s 50-day moving average is $291.25 and its two-hundred day moving average is $265.28. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $331.49. The stock has a market capitalization of $23.68 billion, a P/E ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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.