Financiere des Professionnels Fonds d investissement inc. Acquires 3,000 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Financiere des Professionnels Fonds d investissement inc. raised its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 21.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,200 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTUM. Focus Partners Wealth boosted its stake in iShares MSCI USA Momentum Factor ETF by 2,939.7% in the third quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after acquiring an additional 896,644 shares during the last quarter. LPL Financial LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after acquiring an additional 652,414 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in iShares MSCI USA Momentum Factor ETF by 32.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after acquiring an additional 280,192 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 55.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after acquiring an additional 256,639 shares during the last quarter. Finally, CWM LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 25.3% in the fourth quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after acquiring an additional 230,310 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $304.92 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $331.49. The stock has a market cap of $22.26 billion, a PE ratio of 28.67 and a beta of 1.02. The firm’s 50 day moving average price is $288.09 and its two-hundred day moving average price is $264.13.

About iShares MSCI USA Momentum Factor ETF

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.