Endeavor Private Wealth Inc. Acquires 4,911 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Endeavor Private Wealth Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 53.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,119 shares of the company’s stock after purchasing an additional 4,911 shares during the quarter. Endeavor Private Wealth Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,534,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.1% in the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after purchasing an additional 120,851 shares during the last quarter. Assetmark Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% in the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after buying an additional 37,278 shares during the period. Ameriprise Financial Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 7.4% in the third quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock valued at $339,023,000 after buying an additional 90,841 shares during the period. State of Michigan Retirement System lifted its holdings in iShares MSCI USA Momentum Factor ETF by 5.2% in the fourth quarter. State of Michigan Retirement System now owns 1,287,290 shares of the company’s stock valued at $322,222,000 after buying an additional 63,800 shares during the period. Finally, Blue Trust Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 9.6% in the fourth quarter. Blue Trust Inc. now owns 1,242,390 shares of the company’s stock valued at $310,983,000 after buying an additional 108,825 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $306.47 on Monday. The firm has a market cap of $22.37 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.29 and a 12-month high of $331.49. The company’s fifty day simple moving average is $283.55 and its 200 day simple moving average is $262.66.

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.