Corient Private Wealth LLC Increases Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Corient Private Wealth LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 185.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,048,917 shares of the company’s stock after purchasing an additional 1,332,181 shares during the period. Corient Private Wealth LLC owned 2.81% of iShares MSCI USA Momentum Factor ETF worth $512,864,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of MTUM. Focus Partners Wealth increased its stake in iShares MSCI USA Momentum Factor ETF by 2,939.7% during the 3rd quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after purchasing an additional 896,644 shares in the last quarter. LPL Financial LLC lifted its stake 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 buying an additional 652,414 shares during the period. JPMorgan Chase & Co. grew 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 valued at $288,128,000 after buying an additional 280,192 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew 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 valued at $180,484,000 after buying an additional 256,639 shares during the last quarter. Finally, CWM LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 25.3% in the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after acquiring an additional 230,310 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $338.52 on Friday. The company has a market cap of $24.71 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. 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 has a 1 year low of $229.42 and a 1 year high of $339.83.

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.