Del Sette Capital Management LLC Grows Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Del Sette Capital Management LLC lifted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 74.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,874 shares of the company’s stock after purchasing an additional 801 shares during the period. Del Sette Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTUM. First Personal Financial Services purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $27,000. Able Wealth Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $28,000. Woodmont Investment Counsel LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $28,000. GAMMA Investing LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $29,000. Finally, Family Capital Trust Co acquired a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $34,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $191.31 on Thursday. The stock has a market cap of $10.36 billion, a P/E ratio of 18.53 and a beta of 1.10. The stock’s 50 day simple moving average is $192.62 and its 200 day simple moving average is $188.18. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60.

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.