Blue Trust Inc. Grows Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Blue Trust Inc. increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,274,963 shares of the company’s stock after purchasing an additional 32,573 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 3.5% of Blue Trust Inc.’s portfolio, making the stock its 11th largest position. Blue Trust Inc. owned about 1.75% of iShares MSCI USA Momentum Factor ETF worth $305,978,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $25,000. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $25,000. Dagco Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $25,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $328.41 on Thursday. The company has a market cap of $23.97 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business’s 50-day moving average is $303.82 and its two-hundred day moving average is $270.07. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59.

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.