Audent Global Asset Management LLC Raises Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Audent Global Asset Management LLC increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 48.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,423 shares of the company’s stock after buying an additional 17,969 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 5.9% of Audent Global Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Audent Global Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $13,873,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MTUM. Corient Private Wealth LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 24.4% in the fourth quarter. Corient Private Wealth LLC now owns 891,619 shares of the company’s stock worth $223,181,000 after purchasing an additional 174,883 shares during the period. Storen Legacy Partners LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $318,000. Rehmann Capital Advisory Group boosted its holdings in iShares MSCI USA Momentum Factor ETF by 3.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 3,640 shares of the company’s stock worth $911,000 after buying an additional 123 shares during the period. SHP Wealth Management bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $1,431,000. Finally, WMS Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $2,917,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $338.52 on Friday. The company has a market capitalization of $24.71 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock’s 50-day simple moving average is $299.59 and its 200-day simple moving average is $268.14. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $339.83.

iShares MSCI USA Momentum Factor ETF 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.