Sowell Financial Services LLC Grows Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Sowell Financial Services LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 23.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,791 shares of the company’s stock after purchasing an additional 2,258 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,024,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTUM. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after acquiring an additional 1,094,104 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth $220,286,000. Orgel Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter worth $158,559,000. Park Avenue Securities LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth $109,923,000. Finally, Osaic Holdings Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 59.7% in the 2nd quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock worth $120,371,000 after buying an additional 193,332 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 22.0%

Shares of BATS MTUM opened at $254.97 on Monday. The company’s 50-day moving average price is $250.15 and its 200 day moving average price is $246.51. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.