Hilltop Holdings Inc. Grows Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Hilltop Holdings Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 30.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,278 shares of the company’s stock after buying an additional 3,296 shares during the period. Hilltop Holdings Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,662,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Focus Partners Wealth lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2,939.7% in the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after acquiring an additional 896,644 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 59.7% during the second quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock worth $120,371,000 after purchasing an additional 193,332 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 15.8% during the second quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock worth $295,986,000 after purchasing an additional 168,340 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 474.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 150,905 shares of the company’s stock valued at $36,265,000 after purchasing an additional 124,622 shares during the period. Finally, Raymond James Financial Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 4.1% during the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock valued at $785,571,000 after purchasing an additional 120,851 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 1.4%

BATS MTUM opened at $246.78 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $171.51 and a 12 month high of $262.10. The stock has a market cap of $18.01 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s 50 day moving average is $253.30 and its 200 day moving average is $251.93.

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.