Oppenheimer & Co. Inc. increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 12.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,510 shares of the company’s stock after buying an additional 11,626 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $20,988,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% in the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after buying an additional 113 shares during the period. Signaturefd LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after buying an additional 155 shares during the period. Abich Financial Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $33,000. Capital Performance Advisors LLP purchased a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $43,000. Finally, Wellington Shields & Co. LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $42,000.
iShares MSCI USA Momentum Factor ETF Price Performance
BATS MTUM traded down $1.09 during trading on Wednesday, reaching $212.51. 1,206,402 shares of the company’s stock traded hands. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The company’s 50 day simple moving average is $202.43 and its two-hundred day simple moving average is $194.77. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.
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.
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