D.A. Davidson & CO. Grows Position in iShares MSCI USA Momentum Factor ETF $MTUM

D.A. Davidson & CO. increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 32.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 35,437 shares of the company’s stock after buying an additional 8,610 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,505,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Beacon Financial Advisory LLC increased its position in iShares MSCI USA Momentum Factor ETF by 2.5% during the first quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock valued at $361,000 after acquiring an additional 36 shares during the last quarter. Caliber Wealth Management LLC KS grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.4% during the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock valued at $2,423,000 after purchasing an additional 39 shares during the period. Traction Financial Partners LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.4% during the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock valued at $302,000 after purchasing an additional 40 shares during the period. Clark Capital Management Group Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock valued at $249,000 after purchasing an additional 41 shares during the last quarter. Finally, Lunt Capital Management Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock valued at $375,000 after purchasing an additional 43 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 0.4%

Shares of BATS:MTUM opened at $302.09 on Friday. The stock has a market capitalization of $22.05 billion, a PE ratio of 28.67 and a beta of 1.02. The firm’s 50 day moving average price is $317.45 and its 200-day moving average price is $278.11. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59.

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.