iShares MSCI USA Momentum Factor ETF $MTUM Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,242,390 shares of the company’s stock after purchasing an additional 108,825 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 3.5% of Blue Trust Inc.’s investment portfolio, making the stock its 13th largest position. Blue Trust Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $310,983,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $25,000. Dagco Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. TFC Financial Management Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth $28,000. United Financial Planning Group LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth $28,000. Finally, Howe & Rusling Inc. lifted its holdings in 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 valued at $32,000 after acquiring an additional 102 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $245.24 on Thursday. The firm has a market capitalization of $17.90 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $171.51 and a one year high of $262.10. The company’s fifty day moving average is $249.89 and its two-hundred day moving average is $251.51.

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.