Clark Asset Management LLC Invests $361,000 in iShares MSCI USA Momentum Factor ETF $MTUM

Clark Asset Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,503 shares of the company’s stock, valued at approximately $361,000.

Several other institutional investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its stake in iShares MSCI USA Momentum Factor ETF by 3.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after purchasing an additional 229,850 shares in the last quarter. LPL Financial LLC lifted its stake in shares of 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 worth $823,985,000 after buying an additional 652,414 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.0% in the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after buying an additional 152,723 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after buying an additional 1,332,181 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during 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 last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $338.52 on Monday. The company has a market capitalization of $24.71 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm has a 50 day moving average of $299.59 and a 200 day moving average of $268.29. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $339.83.

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.