1,512 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Acquired by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, HoldingsChannel reports. The fund purchased 1,512 shares of the company’s stock, valued at approximately $313,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTUM. Fortitude Family Office LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after buying an additional 113 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $33,000. Signaturefd LLC grew its holdings in shares of 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 acquiring an additional 155 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $43,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $48,000.

iShares MSCI USA Momentum Factor ETF Trading Up 1.6 %

MTUM stock traded up $3.28 during mid-day trading on Monday, reaching $211.26. 794,967 shares of the stock traded hands. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60. The stock’s fifty day moving average is $210.97 and its 200-day moving average is $201.53. The company has a market cap of $11.44 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.