BNP Paribas Financial Markets Buys 55,168 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

BNP Paribas Financial Markets increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 21.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 311,428 shares of the company’s stock after acquiring an additional 55,168 shares during the quarter. BNP Paribas Financial Markets owned about 0.43% of iShares MSCI USA Momentum Factor ETF worth $77,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MTUM. Bison Wealth LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares in the last quarter. Empowered Funds LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $2,488,000. Russell Investments Group Ltd. lifted its position in iShares MSCI USA Momentum Factor ETF by 15.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after buying an additional 128 shares in the last quarter. First Trust Advisors LP acquired a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $350,000. Finally, Qube Research & Technologies Ltd lifted its position in iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after buying an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.4%

Shares of BATS MTUM opened at $316.93 on Tuesday. The firm’s 50-day simple moving average is $277.37 and its 200 day simple moving average is $260.54. The company has a market cap of $23.14 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.29 and a 12-month high of $318.62.

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.