46 Peaks LLC purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) during the fourth quarter, Holdings Channel reports. The firm purchased 2,105 shares of the company’s stock, valued at approximately $527,000. iShares MSCI USA Momentum Factor ETF accounts for 0.4% of 46 Peaks LLC’s portfolio, making the stock its 16th largest position.
Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Dagco Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $26,000. Finally, Financial Network Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 67 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Performance
iShares MSCI USA Momentum Factor ETF stock opened at $338.52 on Friday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $339.83. The stock has a market capitalization of $24.71 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock has a fifty day moving average of $298.01 and a 200-day moving average of $267.65.
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.
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