Wilmington Savings Fund Society FSB Takes Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Wilmington Savings Fund Society FSB acquired a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the third quarter, HoldingsChannel reports. The institutional investor acquired 1,122 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds also recently made changes to their positions in MTUM. Fifth Third Bancorp increased its position in shares of iShares MSCI USA Momentum Factor ETF by 13.8% during the 2nd quarter. Fifth Third Bancorp now owns 2,699 shares of the company’s stock worth $526,000 after purchasing an additional 327 shares in the last quarter. Concourse Financial Group Securities Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 31.7% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 1,263 shares of the company’s stock worth $246,000 after purchasing an additional 304 shares in the last quarter. First National Bank & Trust Co. of Newtown increased its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% during the 2nd quarter. First National Bank & Trust Co. of Newtown now owns 5,070 shares of the company’s stock worth $988,000 after purchasing an additional 440 shares in the last quarter. &PARTNERS increased its position in shares of iShares MSCI USA Momentum Factor ETF by 107.5% during the 2nd quarter. &PARTNERS now owns 2,616 shares of the company’s stock worth $510,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Bowman & Co S.C. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 15.2% during the 2nd quarter. Bowman & Co S.C. now owns 2,067 shares of the company’s stock worth $403,000 after purchasing an additional 273 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 1.2 %

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $212.71 on Wednesday. The stock has a market capitalization of $11.52 billion, a P/E ratio of 18.53 and a beta of 1.10. The company has a 50-day simple moving average of $210.51 and a 200 day simple moving average of $199.97. 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.