Transcend Capital Advisors LLC Acquires New Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Transcend Capital Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,451 shares of the company’s stock, valued at approximately $507,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 1,255.6% in the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying 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 valued at $33,000 after buying an additional 155 shares during 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 valued at $41,000 after buying an additional 188 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $43,000. Finally, AdvisorNet Financial Inc boosted its stake in iShares MSCI USA Momentum Factor ETF by 51.4% in the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after acquiring an additional 74 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 5.2 %

Shares of BATS MTUM opened at $219.82 on Friday. The stock has a 50 day simple moving average of $216.56 and a 200-day simple moving average of $207.73. The company has a market cap of $11.90 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month 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.