Farther Finance Advisors LLC Increases Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Farther Finance Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 926.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,067 shares of the company’s stock after buying an additional 11,794 shares during the period. Farther Finance Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,704,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $574,824,000. Park Avenue Securities LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% during the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after acquiring an additional 463,387 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 140.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock valued at $87,961,000 after acquiring an additional 248,600 shares during the period. Citigroup Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 1,266.9% in the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after acquiring an additional 234,524 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $34,404,000.

iShares MSCI USA Momentum Factor ETF Trading Down 4.3 %

BATS:MTUM opened at $199.96 on Thursday. The stock has a fifty day simple moving average of $216.34 and a 200-day simple moving average of $209.60. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 28.87 and a beta of 0.98. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $229.77.

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.