NewEdge Advisors LLC Buys 22,679 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

NewEdge Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 398,773 shares of the company’s stock after purchasing an additional 22,679 shares during the period. NewEdge Advisors LLC owned about 0.55% of iShares MSCI USA Momentum Factor ETF worth $95,702,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MTUM. Bison Wealth LLC grew its position in iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after buying an additional 133 shares in the last quarter. Empowered Funds LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at approximately $2,488,000. Russell Investments Group Ltd. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after acquiring an additional 128 shares during the period. First Trust Advisors LP bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $350,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after purchasing an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 1.1%

MTUM opened at $309.98 on Thursday. The stock’s 50 day simple moving average is $317.62 and its 200-day simple moving average is $282.77. The stock has a market cap of $22.63 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59.

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.