Signature Estate & Investment Advisors LLC Boosts Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Signature Estate & Investment Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,029 shares of the company’s stock after acquiring an additional 889 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,489,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Modern Wealth Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $1,601,000. Interchange Capital Partners LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $708,000. Hershey Financial Advisers LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $476,000. LPL Financial LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 215.4% during the 4th quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock worth $404,454,000 after acquiring an additional 1,334,851 shares in the last quarter. Finally, Blueprint Investment Partners LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 179.8% in the 4th quarter. Blueprint Investment Partners LLC now owns 7,833 shares of the company’s stock worth $1,621,000 after acquiring an additional 5,033 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $210.65 on Tuesday. The stock has a fifty day moving average price of $215.41 and a 200 day moving average price of $210.21. The stock has a market cap of $14.48 billion, a PE ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $229.77.

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.