Sovran Advisors LLC Acquires Shares of 9,148 iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Sovran Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,148 shares of the company’s stock, valued at approximately $1,912,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BostonPremier Wealth LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $261,000. Comprehensive Financial Planning Inc. PA acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $89,000. Focused Wealth Management Inc lifted its position in iShares MSCI USA Momentum Factor ETF by 4.1% during the fourth quarter. Focused Wealth Management Inc now owns 5,523 shares of the company’s stock worth $1,143,000 after purchasing an additional 216 shares during the period. Kestra Private Wealth Services LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 403.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 45,100 shares of the company’s stock valued at $9,332,000 after buying an additional 36,143 shares during the period. Finally, Quotient Wealth Partners LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $203,000.

iShares MSCI USA Momentum Factor ETF Trading Up 8.6 %

BATS MTUM opened at $226.95 on Tuesday. The firm’s 50 day simple moving average is $214.13 and its 200 day simple moving average is $205.10. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year 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.