Ascentis Independent Advisors Boosts Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Ascentis Independent Advisors boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 135.1% in the first quarter, Holdings Channel.com reports. The firm owned 12,833 shares of the company’s stock after acquiring an additional 7,374 shares during the period. Ascentis Independent Advisors’ holdings in iShares MSCI USA Momentum Factor ETF were worth $3,080,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTUM. Bison Wealth LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $2,488,000. Russell Investments Group Ltd. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after purchasing an additional 128 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $350,000. Finally, Qube Research & Technologies Ltd lifted its position in iShares MSCI USA Momentum Factor ETF by 543.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after purchasing an additional 107,665 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $316.53 on Monday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The company has a 50-day moving average price of $311.78 and a two-hundred day moving average price of $273.85. The stock has a market cap of $23.11 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.