iShares MSCI USA Momentum Factor ETF $MTUM is Convergence Financial LLC’s 8th Largest Position

Convergence Financial LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 11.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,660 shares of the company’s stock after purchasing an additional 8,469 shares during the period. iShares MSCI USA Momentum Factor ETF comprises about 3.1% of Convergence Financial LLC’s investment portfolio, making the stock its 8th largest position. Convergence Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $20,942,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caprock Group LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $3,283,000. Acropolis Investment Management LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 4.5% during the 3rd quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after purchasing an additional 5,813 shares in the last quarter. Strategic Blueprint LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 18.9% in the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock worth $7,713,000 after buying an additional 4,790 shares during the last quarter. Advocacy Wealth Management Services LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock worth $21,248,000 after buying an additional 4,752 shares during the last quarter. Finally, Beacon Financial Group lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 11.0% during the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after buying an additional 2,203 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $254.77 on Friday. The company has a market cap of $18.60 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock’s fifty day moving average price is $254.08 and its 200 day moving average price is $251.32. iShares MSCI USA Momentum Factor ETF has a 1 year low of $171.51 and a 1 year high of $262.10.

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.