Sovran Advisors LLC Buys 4,260 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Sovran Advisors LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 25.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 21,115 shares of the company’s stock after purchasing an additional 4,260 shares during the quarter. Sovran Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,431,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $25,000. Dagco Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $25,000. TFC Financial Management Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $28,000. United Financial Planning Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $28,000. Finally, Howe & Rusling Inc. raised its position 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 purchasing an additional 102 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $245.85 on Friday. The firm has a market capitalization of $17.95 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business’s 50-day moving average price is $249.49 and its 200-day moving average price is $251.40. iShares MSCI USA Momentum Factor ETF has a 12 month low of $171.51 and a 12 month high of $262.10.

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.