Financial Advocates Investment Management Has $3.99 Million Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Financial Advocates Investment Management grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 17.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,260 shares of the company’s stock after acquiring an additional 2,904 shares during the period. Financial Advocates Investment Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,985,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC raised its position in 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 valued at $25,000 after purchasing an additional 113 shares during the last quarter. Signaturefd LLC raised 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 valued at $33,000 after buying an additional 155 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after buying an additional 188 shares during the period. Capital Performance Advisors LLP bought a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $43,000. Finally, AdvisorNet Financial Inc increased its position in iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after acquiring an additional 74 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $223.77 on Thursday. The company has a market capitalization of $12.12 billion, a P/E ratio of 18.53 and a beta of 1.10. The company has a fifty day moving average price of $213.57 and a 200-day moving average price of $204.41. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60.

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.