Mercer Global Advisors Inc. ADV Raises Position in iShares MSCI USA Momentum Factor ETF $MTUM

Mercer Global Advisors Inc. ADV grew its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,595,040 shares of the company’s stock after buying an additional 11,584 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 3.3% of Mercer Global Advisors Inc. ADV’s portfolio, making the stock its 6th biggest holding. Mercer Global Advisors Inc. ADV owned 0.10% of iShares MSCI USA Momentum Factor ETF worth $1,947,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. raised its stake in shares of 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. Ameriprise Financial Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 7.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after purchasing an additional 90,841 shares during the period. Bank of America Corp DE boosted its stake in iShares MSCI USA Momentum Factor ETF by 8.3% in the 3rd quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock worth $317,742,000 after purchasing an additional 94,881 shares during the period. State of Michigan Retirement System grew its holdings in iShares MSCI USA Momentum Factor ETF by 1.4% during the 3rd quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock valued at $313,764,000 after buying an additional 17,400 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 2.6% during the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock valued at $295,418,000 after buying an additional 29,230 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 1.4%

Shares of MTUM opened at $246.78 on Tuesday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve 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 business’s 50-day moving average price is $253.30 and its 200-day moving average price is $251.93.

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.