Kestra Investment Management LLC Purchases Shares of 89,426 iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Kestra Investment Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 89,426 shares of the company’s stock, valued at approximately $18,504,000.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after purchasing an additional 188 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of 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 worth $45,000 after purchasing an additional 74 shares in the last quarter. Signaturefd LLC increased its holdings 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. Kingsview Wealth Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 17.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock worth $275,000 after buying an additional 202 shares during the last quarter. Finally, Arizona PSPRS Trust raised its stake in iShares MSCI USA Momentum Factor ETF by 2.0% in the 3rd quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock worth $73,523,000 after acquiring an additional 7,115 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $228.40 on Tuesday. The firm’s 50 day simple moving average is $215.19 and its 200-day simple moving average is $206.49. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.