CoreCap Advisors LLC Increases Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

CoreCap Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 89.9% in the fourth quarter, HoldingsChannel reports. The firm owned 6,834 shares of the company’s stock after acquiring an additional 3,235 shares during the quarter. CoreCap Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Dagco Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $25,000. Triumph Capital Management acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $25,000. TFC Financial Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $28,000. United Financial Planning Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $28,000. Finally, Howe & Rusling Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 425.0% in the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after acquiring an additional 102 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $235.76 on Friday. The company’s fifty day moving average price is $250.90 and its 200-day moving average price is $251.83. iShares MSCI USA Momentum Factor ETF has a 1-year low of $171.51 and a 1-year high of $262.10. The firm has a market capitalization of $17.21 billion, a P/E ratio of 28.67 and a beta of 1.02.

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