True Vision MN LLC Invests $1.98 Million in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

True Vision MN LLC purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, Holdings Channel reports. The fund purchased 9,559 shares of the company’s stock, valued at approximately $1,978,000. iShares MSCI USA Momentum Factor ETF accounts for 1.2% of True Vision MN LLC’s holdings, making the stock its 21st largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 4.5% during the 3rd quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock valued at $343,269,000 after purchasing an additional 72,891 shares during the period. Cerity Partners LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the 3rd quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock valued at $217,745,000 after purchasing an additional 26,235 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.7% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 995,986 shares of the company’s stock valued at $206,089,000 after purchasing an additional 35,468 shares in the last quarter. FMR LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 12.2% in the third quarter. FMR LLC now owns 674,367 shares of the company’s stock worth $136,735,000 after purchasing an additional 73,442 shares during the period. Finally, LPL Financial LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 2.0% in the third quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock worth $125,668,000 after purchasing an additional 11,968 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 8.6 %

Shares of MTUM stock opened at $226.95 on Tuesday. The company’s fifty day moving average price is $214.13 and its 200-day moving average price is $205.10. The stock has a market cap of $12.29 billion, a PE ratio of 18.53 and a beta of 1.10. 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 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.