Absolute Capital Management LLC Boosts Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Absolute Capital Management LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 167.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,608 shares of the company’s stock after purchasing an additional 4,133 shares during the quarter. Absolute Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,654,000 as of its most recent SEC filing.

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

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $319.01 on Friday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $331.49. The company has a market capitalization of $23.29 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm’s 50 day simple moving average is $289.67 and its two-hundred day simple moving average is $264.70.

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.