First Pacific Financial Invests $86,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

First Pacific Financial bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, Holdings Channel reports. The fund bought 415 shares of the company’s stock, valued at approximately $86,000.

Other institutional investors have also bought and sold shares of the company. Blair William & Co. IL boosted its stake in iShares MSCI USA Momentum Factor ETF by 1.9% during the second quarter. Blair William & Co. IL now owns 8,068 shares of the company’s stock worth $1,572,000 after buying an additional 149 shares during the period. Bright Financial Advisors Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $2,759,000. Benjamin F. Edwards & Company Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 407.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock worth $791,000 after purchasing an additional 3,260 shares during the last quarter. DRW Securities LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter worth about $604,000. Finally, Bank of Montreal Can lifted its stake in iShares MSCI USA Momentum Factor ETF by 91.7% in the second quarter. Bank of Montreal Can now owns 2,573 shares of the company’s stock worth $502,000 after purchasing an additional 1,231 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $214.48 on Friday. The firm has a 50-day simple moving average of $211.78 and a two-hundred day simple moving average of $202.37. The company has a market cap of $11.61 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60.

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.