New York Life Investment Management LLC Acquires 35,939 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

New York Life Investment Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 31.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 151,310 shares of the company’s stock after acquiring an additional 35,939 shares during the period. New York Life Investment Management LLC owned 0.21% of iShares MSCI USA Momentum Factor ETF worth $38,803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. TFC Financial Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at $28,000. Howe & Rusling Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 425.0% during the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after buying an additional 102 shares during the period. WFA of San Diego LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $46,000. MassMutual Private Wealth & Trust FSB raised its holdings in iShares MSCI USA Momentum Factor ETF by 397.8% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the company’s stock valued at $57,000 after acquiring an additional 179 shares during the period. Finally, TD Waterhouse Canada Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $64,000.

iShares MSCI USA Momentum Factor ETF Stock Up 21.4%

Shares of BATS:MTUM opened at $253.62 on Monday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The business has a 50 day moving average of $253.77 and a 200-day moving average of $250.58. The stock has a market cap of $18.51 billion, a PE ratio of 28.67 and a beta of 1.02.

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.