Focus Partners Advisor Solutions LLC Has $2.39 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Focus Partners Advisor Solutions LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 55.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,553 shares of the company’s stock after purchasing an additional 3,416 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,391,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after purchasing an additional 652,414 shares during the period. Raymond James Financial Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the 3rd quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock valued at $785,571,000 after acquiring an additional 120,851 shares in the last quarter. Assetmark Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after acquiring an additional 37,278 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock valued at $339,023,000 after acquiring an additional 90,841 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.2% during the 4th quarter. State of Michigan Retirement System now owns 1,287,290 shares of the company’s stock valued at $322,222,000 after acquiring an additional 63,800 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 2.2%

iShares MSCI USA Momentum Factor ETF stock opened at $304.92 on Thursday. The company’s fifty day simple moving average is $288.09 and its 200-day simple moving average is $264.13. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $331.49. The stock has a market cap of $22.26 billion, a P/E 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.