iShares MSCI USA Momentum Factor ETF $MTUM Stock Bought by Tactive Advisors LLC

Tactive Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 31.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,821 shares of the company’s stock after buying an additional 6,007 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 1.9% of Tactive Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Tactive Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,877,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 70.2% during the 3rd quarter. Venture Visionary Partners LLC now owns 1,215 shares of the company’s stock valued at $386,000 after purchasing an additional 501 shares in the last quarter. Canandaigua National Trust Co of Florida acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth $336,000. Weaver Consulting Group raised its holdings in iShares MSCI USA Momentum Factor ETF by 1.5% during the third quarter. Weaver Consulting Group now owns 10,745 shares of the company’s stock valued at $3,410,000 after buying an additional 162 shares in the last quarter. Box Hill Private Wealth LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth about $231,000. Finally, Ferguson Wellman Capital Management Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 120.8% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 1,314 shares of the company’s stock worth $417,000 after buying an additional 719 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM traded down $6.66 during trading hours on Thursday, hitting $315.76. 281,015 shares of the company were exchanged, compared to its average volume of 1,236,279. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The firm’s 50 day moving average is $309.24 and its 200-day moving average is $300.99. The company has a market cap of $23.05 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF’s stock is scheduled to split on Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

iShares MSCI USA Momentum Factor ETF 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.