iShares MSCI USA Momentum Factor ETF (BATS:MTUM) is Mercer Global Advisors Inc. ADV’s 5th Largest Position

Mercer Global Advisors Inc. ADV boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.9% in the 2nd quarter, Holdings Channel reports. The fund owned 7,551,417 shares of the company’s stock after buying an additional 213,637 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 3.7% of Mercer Global Advisors Inc. ADV’s investment portfolio, making the stock its 5th largest position. Mercer Global Advisors Inc. ADV owned 0.14% of iShares MSCI USA Momentum Factor ETF worth $1,463,815,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Personal Financial Services purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $27,000. Able Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $28,000. Woodmont Investment Counsel LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $28,000. GAMMA Investing LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $29,000. Finally, Wellington Shields & Co. LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $42,000.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $197.13 on Wednesday. The stock has a market capitalization of $10.67 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. The business has a 50 day simple moving average of $191.78 and a 200-day simple moving average of $189.06.

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.