Berbice Capital Management LLC Takes $1.12 Million Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Berbice Capital Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,425 shares of the company’s stock, valued at approximately $1,123,000. iShares MSCI USA Momentum Factor ETF accounts for approximately 0.9% of Berbice Capital Management LLC’s portfolio, making the stock its 20th biggest position.

A number of other institutional investors also recently bought and sold shares of MTUM. Fortitude Family Office LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% during the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after purchasing an additional 113 shares in the last quarter. Signaturefd LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after purchasing an additional 188 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $43,000.

iShares MSCI USA Momentum Factor ETF Trading Up 7.1 %

BATS:MTUM opened at $223.73 on Friday. The stock has a market capitalization of $12.12 billion, a P/E ratio of 18.53 and a beta of 1.10. The stock has a 50-day moving average price of $212.29 and a 200 day moving average price of $203.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

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.