Cerity Partners LLC Purchases 4,402 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Cerity Partners LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,156,354 shares of the company’s stock after buying an additional 4,402 shares during the quarter. Cerity Partners LLC owned 1.58% of iShares MSCI USA Momentum Factor ETF worth $289,447,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $25,000. Cary Street Partners Financial LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $26,000. Finally, United Financial Planning Group LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $28,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $315.08 on Tuesday. The company has a market cap of $23.00 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.29 and a 52-week high of $331.49. The stock has a 50-day simple moving average of $285.09 and a 200 day simple moving average of $263.18.

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.