Rockefeller Capital Management L.P. Buys 99,148 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Rockefeller Capital Management L.P. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 177.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 155,060 shares of the company’s stock after buying an additional 99,148 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $38,813,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MTUM. Dagco Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $25,000. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $25,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $26,000. Finally, Financial Network Wealth Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $338.52 on Monday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $339.83. The company has a market capitalization of $24.71 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm’s 50-day moving average is $299.59 and its 200 day moving average is $268.29.

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.