Aviance Capital Partners LLC Invests $203,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Aviance Capital Partners LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona PSPRS Trust purchased a new position in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $69,276,000. Mercer Global Advisors Inc. ADV increased its position in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after buying an additional 213,637 shares in the last quarter. Symmetry Partners LLC raised its position in iShares MSCI USA Momentum Factor ETF by 62.7% during the second quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock worth $105,479,000 after acquiring an additional 208,691 shares during the last quarter. Foster Group Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 281.1% in the 2nd quarter. Foster Group Inc. now owns 277,940 shares of the company’s stock valued at $54,162,000 after buying an additional 205,017 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2,256.8% in the first quarter. Cetera Investment Advisers now owns 175,700 shares of the company’s stock valued at $32,917,000 after acquiring an additional 168,245 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $210.99 on Wednesday. The firm’s 50 day moving average price is $204.50 and its 200 day moving average price is $195.91. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The firm has a market cap of $11.43 billion, a P/E ratio of 18.53 and a beta of 1.10.

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.