Cypress Wealth Services LLC Buys 5,740 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Cypress Wealth Services LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 63.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,772 shares of the company’s stock after buying an additional 5,740 shares during the period. Cypress Wealth Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,698,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MTUM. Raymond James Financial Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 4.1% in the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after buying an additional 120,851 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after acquiring an additional 90,841 shares during the period. Bank of America Corp DE raised its position in shares of iShares MSCI USA Momentum Factor ETF by 8.3% in the 3rd quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock worth $317,742,000 after acquiring an additional 94,881 shares in the last quarter. State of Michigan Retirement System raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1.4% in the 3rd quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock worth $313,764,000 after acquiring an additional 17,400 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock valued at $295,418,000 after purchasing an additional 29,230 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 1.0%

BATS MTUM opened at $235.76 on Friday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve month high of $262.10. The firm has a market capitalization of $17.21 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s 50 day moving average is $250.90 and its 200 day moving average is $251.83.

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.