Claris Financial LLC Invests $8.85 Million in iShares MSCI USA Momentum Factor ETF $MTUM

Claris Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,371 shares of the company’s stock, valued at approximately $8,854,000. iShares MSCI USA Momentum Factor ETF makes up about 4.7% of Claris Financial LLC’s holdings, making the stock its 4th largest position.

A number of other institutional investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV lifted its position in iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after acquiring an additional 229,850 shares in the last quarter. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after purchasing an additional 652,414 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.0% in the 4th quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after purchasing an additional 152,723 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after purchasing an additional 1,332,181 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after purchasing an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $338.52 on Friday. The company has a market cap of $24.71 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $339.83. The stock’s fifty day moving average price is $298.01 and its 200-day moving average price is $267.65.

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.