1,864 Shares in iShares MSCI USA Momentum Factor ETF $MTUM Acquired by Blue Jean Financial LLC

Blue Jean Financial LLC acquired a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,864 shares of the company’s stock, valued at approximately $467,000.

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

iShares MSCI USA Momentum Factor ETF Trading Up 1.7%

MTUM stock opened at $324.40 on Friday. The company has a market capitalization of $23.68 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $331.49. The business’s fifty day moving average price is $291.25 and its 200 day moving average price is $265.12.

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.