PAX Financial Group LLC increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 14.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,025 shares of the company’s stock after acquiring an additional 5,683 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 1.9% of PAX Financial Group LLC’s portfolio, making the stock its 14th biggest position. PAX Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $11,046,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in MTUM. Dagco Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $25,000. Triumph Capital Management purchased 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 stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $25,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $26,000. Finally, Financial Network Wealth Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the period.
iShares MSCI USA Momentum Factor ETF Price Performance
Shares of MTUM opened at $316.53 on Friday. The company has a 50-day simple moving average of $311.78 and a two-hundred day simple moving average of $273.67. The firm has a market capitalization of $23.11 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59.
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.
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