Optivise Advisory Services LLC Buys New Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Optivise Advisory Services LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,536 shares of the company’s stock, valued at approximately $1,325,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.9% during the 2nd 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 during the period. Assetmark Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 4.5% during the third quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock valued at $343,269,000 after acquiring an additional 72,891 shares during the period. LPL Financial LLC grew its position in iShares MSCI USA Momentum Factor ETF by 2.0% during the third quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock valued at $125,668,000 after acquiring an additional 11,968 shares during the period. Symmetry Partners LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 62.7% in the 2nd quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock valued at $105,479,000 after purchasing an additional 208,691 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 6.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 390,151 shares of the company’s stock worth $76,029,000 after purchasing an additional 22,091 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.5 %

Shares of MTUM stock opened at $214.93 on Friday. The firm’s 50 day moving average price is $205.64 and its two-hundred day moving average price is $196.35. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The stock has a market cap of $11.64 billion, a price-to-earnings 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.