Financial Advocates Investment Management Has $3.99 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Financial Advocates Investment Management grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 17.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,260 shares of the company’s stock after acquiring an additional 2,904 shares during the quarter. Financial Advocates Investment Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,985,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can lifted its stake in iShares MSCI USA Momentum Factor ETF by 91.7% in the second quarter. Bank of Montreal Can now owns 2,573 shares of the company’s stock valued at $502,000 after buying an additional 1,231 shares during the period. AQR Capital Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $253,000. Everpar Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter worth $204,000. Mather Group LLC. increased its stake in iShares MSCI USA Momentum Factor ETF by 46.4% in the third quarter. Mather Group LLC. now owns 625 shares of the company’s stock valued at $127,000 after purchasing an additional 198 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 1,880 shares of the company’s stock valued at $381,000 after purchasing an additional 127 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $223.77 on Thursday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The stock has a market capitalization of $12.12 billion, a PE ratio of 18.53 and a beta of 1.10. The company’s 50-day moving average is $213.57 and its 200-day moving average is $204.41.

iShares MSCI USA Momentum Factor ETF Company 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.