Bank of New York Mellon Corp Boosts Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Bank of New York Mellon Corp lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 424,939 shares of the company’s stock after purchasing an additional 40,666 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares MSCI USA Momentum Factor ETF were worth $101,981,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bison Wealth LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after acquiring an additional 133 shares during the last quarter. Empowered Funds LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth $2,488,000. Russell Investments Group Ltd. boosted its stake in iShares MSCI USA Momentum Factor ETF by 15.1% during 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 period. First Trust Advisors LP purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth $350,000. Finally, Qube Research & Technologies Ltd grew its position in iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $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 $302.64 on Tuesday. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The firm has a market cap of $22.09 billion, a PE ratio of 28.67 and a beta of 1.02. The firm’s fifty day moving average is $317.37 and its two-hundred day moving average is $278.64.

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.