Merit Financial Group LLC Has $76 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Merit Financial Group LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 89.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 303,634 shares of the company’s stock after purchasing an additional 143,026 shares during the quarter. Merit Financial Group LLC owned about 0.42% of iShares MSCI USA Momentum Factor ETF worth $76,003,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $25,000. Triumph Capital Management bought a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $25,000. Eagle Bay Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $26,000. TFC Financial Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $28,000. Finally, United Financial Planning Group LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $28,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $270.82 on Friday. The stock has a market capitalization of $19.77 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock’s 50 day moving average price is $250.67 and its two-hundred day moving average price is $251.85. iShares MSCI USA Momentum Factor ETF has a 52 week low of $187.70 and a 52 week high of $271.23.

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.