Armbruster Capital Management Inc. Has $41.66 Million Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Armbruster Capital Management Inc. raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 201,344 shares of the company’s stock after purchasing an additional 1,253 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 8.5% of Armbruster Capital Management Inc.’s portfolio, making the stock its 2nd largest position. Armbruster Capital Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $41,662,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Fortitude Family Office LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after acquiring an additional 113 shares during the last quarter. Signaturefd LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after purchasing an additional 188 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $43,000. Finally, AdvisorNet Financial Inc increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after acquiring an additional 74 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 6.7 %

Shares of BATS MTUM opened at $222.97 on Monday. The firm has a market cap of $12.07 billion, a PE ratio of 18.53 and a beta of 1.10. The company’s fifty day simple moving average is $212.86 and its 200 day simple moving average is $203.35. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

iShares MSCI USA Momentum Factor ETF Company 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.