2,526 Shares in iShares MSCI USA Momentum Factor ETF $MTUM Acquired by RDA Financial Network

RDA Financial Network bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,526 shares of the company’s stock, valued at approximately $866,000.

A number of other hedge funds have also bought and sold shares of MTUM. Assetmark Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 2.5% during the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after purchasing an additional 37,278 shares during the last quarter. Flagship Capital Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $1,779,000. Beacon Bridge Wealth Partners LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 78.3% in the fourth quarter. Beacon Bridge Wealth Partners LLC now owns 22,617 shares of the company’s stock worth $5,661,000 after purchasing an additional 9,932 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 31.7% during the fourth quarter. Flagship Harbor Advisors LLC now owns 9,229 shares of the company’s stock worth $2,310,000 after purchasing an additional 2,224 shares during the period. Finally, Washburn Capital Management Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 68.4% during the fourth quarter. Washburn Capital Management Inc. now owns 16,125 shares of the company’s stock worth $4,036,000 after purchasing an additional 6,550 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 0.7%

Shares of BATS MTUM opened at $301.78 on Tuesday. The business’s 50 day moving average price is $317.70 and its 200 day moving average price is $281.99. The firm has a market cap of $22.03 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59.

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.