Cibc World Market Inc. Has $4.38 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Cibc World Market Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 20.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,491 shares of the company’s stock after purchasing an additional 3,010 shares during the period. Cibc World Market Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTUM. Dagco Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $25,000. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $25,000. Cary Street Partners Financial LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $25,000. Eagle Bay Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $26,000. Finally, United Financial Planning Group LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $28,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $306.47 on Monday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.29 and a 12 month high of $331.49. The business’s 50 day moving average is $283.55 and its two-hundred day moving average is $262.66. The company has a market cap of $22.37 billion, a PE ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.