Bank of New York Mellon Corp Boosts Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Bank of New York Mellon Corp boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 66.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 384,273 shares of the company’s stock after acquiring an additional 153,571 shares during the period. Bank of New York Mellon Corp’s holdings in iShares MSCI USA Momentum Factor ETF were worth $96,187,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Dagco Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $25,000. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $25,000. Cary Street Partners Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $26,000. Finally, United Financial Planning Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $28,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $315.08 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.29 and a 1-year high of $331.49. The company has a market cap of $23.00 billion, a PE ratio of 28.67 and a beta of 1.02. The stock has a fifty day moving average price of $285.09 and a 200 day moving average price of $263.18.

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.