EverSource Wealth Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 1,061.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 778 shares of the company’s stock after purchasing an additional 711 shares during the period. EverSource Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $161,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of MTUM. Duncker Streett & Co. Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Mainstream Capital Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after buying an additional 188 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in iShares MSCI USA Momentum Factor ETF by 51.4% during the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after buying an additional 74 shares during the period. Finally, Realta Investment Advisors purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $49,000.
iShares MSCI USA Momentum Factor ETF Trading Down 2.2 %
Shares of BATS MTUM opened at $204.43 on Tuesday. The business has a 50-day moving average of $215.88 and a 200-day moving average of $209.82. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 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.
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