1,037 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Acquired by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. acquired a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,037 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock worth $1,120,677,000 after acquiring an additional 229,231 shares in the last quarter. Assetmark Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the 4th quarter. Assetmark Inc. now owns 1,646,261 shares of the company’s stock valued at $258,282,000 after purchasing an additional 61,978 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 20.1% during the first quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock valued at $232,257,000 after buying an additional 207,306 shares during the last quarter. CWM LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 9.3% in the 4th quarter. CWM LLC now owns 1,134,217 shares of the company’s stock valued at $177,947,000 after acquiring an additional 96,845 shares during the period. Finally, Savant Capital LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 10.0% in the 4th quarter. Savant Capital LLC now owns 1,108,786 shares of the company’s stock worth $173,957,000 after acquiring an additional 100,463 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $189.16 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The company’s fifty day moving average price is $192.14 and its 200-day moving average price is $185.86. The firm has a market capitalization of $10.24 billion, a P/E ratio of 18.53 and a beta of 1.10.

iShares MSCI USA Momentum Factor ETF 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.