LPL Financial LLC Acquires 11,968 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

LPL Financial LLC increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 619,786 shares of the company’s stock after purchasing an additional 11,968 shares during the quarter. LPL Financial LLC owned approximately 1.14% of iShares MSCI USA Momentum Factor ETF worth $125,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Fortitude Family Office LLC boosted its position in shares of 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 worth $25,000 after purchasing an additional 113 shares during the period. Signaturefd LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after buying an additional 155 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $33,000. Capital Performance Advisors LLP bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $43,000. Finally, Wellington Shields & Co. LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $42,000.

iShares MSCI USA Momentum Factor ETF Trading Up 0.5 %

BATS:MTUM opened at $214.93 on Friday. The stock has a 50-day moving average price of $205.64 and a 200 day moving average price of $196.35. The stock has a market capitalization of $11.64 billion, a P/E 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.

iShares MSCI USA Momentum Factor ETF 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.