iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 24.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,434 shares of the company’s stock after purchasing an additional 8,051 shares during the quarter. Concurrent Investment Advisors LLC owned approximately 0.06% of iShares MSCI USA Momentum Factor ETF worth $14,205,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Bison Wealth LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth $2,488,000. Russell Investments Group Ltd. raised its position in shares of 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 stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of 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 worth $30,631,000 after buying an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.8%

MTUM opened at $304.86 on Friday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The firm has a market capitalization of $22.25 billion, a PE ratio of 28.67 and a beta of 1.02. The firm’s 50-day moving average price is $309.56 and its 200 day moving average price is $290.44.

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.