Fortune Financial Group Inc. Buys Shares of 7,259 iShares MSCI USA Momentum Factor ETF $MTUM

Fortune Financial Group Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,259 shares of the company’s stock, valued at approximately $2,016,000. iShares MSCI USA Momentum Factor ETF accounts for about 2.0% of Fortune Financial Group Inc.’s portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTUM. Focus Partners Wealth raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2,939.7% during the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock worth $237,766,000 after acquiring an additional 896,644 shares during the period. LPL Financial LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after acquiring an additional 652,414 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 32.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after acquiring an additional 280,192 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 55.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after acquiring an additional 256,639 shares during the period. Finally, CWM LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 25.3% during the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after acquiring an additional 230,310 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 2.2%

Shares of BATS:MTUM opened at $304.92 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $331.49. The company’s fifty day simple moving average is $288.09 and its 200 day simple moving average is $264.13. The firm has a market cap of $22.26 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.