RHS Financial LLC Increases Position in iShares MSCI USA Momentum Factor ETF $MTUM

RHS Financial LLC boosted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 17.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,025 shares of the company’s stock after purchasing an additional 3,636 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 3.3% of RHS Financial LLC’s portfolio, making the stock its 8th largest holding. RHS Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,418,000 at the end of the most recent reporting period.

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

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $255.15 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99. The company has a market capitalization of $18.63 billion, a P/E ratio of 28.67 and a beta of 1.02. The company’s 50 day simple moving average is $249.95 and its 200 day simple moving average is $247.44.

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.