BCU Wealth Advisors LLC Makes New $620,000 Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

BCU Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, Holdings Channel.com reports. The fund bought 2,996 shares of the company’s stock, valued at approximately $620,000. iShares MSCI USA Momentum Factor ETF accounts for 0.4% of BCU Wealth Advisors LLC’s portfolio, making the stock its 24th largest position.

A number of other hedge funds have also recently made changes to their positions in MTUM. Fortitude Family Office LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 1,255.6% in the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying an additional 113 shares during the period. Signaturefd LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after acquiring an additional 155 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after acquiring an additional 188 shares in the last quarter. Capital Performance Advisors LLP bought a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth approximately $43,000. Finally, AdvisorNet Financial Inc grew its stake in iShares MSCI USA Momentum Factor ETF by 51.4% in the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 74 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 9.3 %

Shares of BATS MTUM opened at $228.40 on Friday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The firm has a market cap of $12.37 billion, a PE ratio of 18.53 and a beta of 1.10. The business has a fifty day simple moving average of $214.98 and a two-hundred day simple moving average of $205.94.

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.