Concurrent Investment Advisors LLC Has $792,000 Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Concurrent Investment Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 96.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,827 shares of the company’s stock after purchasing an additional 1,878 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $792,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MTUM. Fortitude Family Office LLC lifted its holdings in shares of 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 in the last quarter. Signaturefd LLC lifted its stake 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 acquiring an additional 155 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th 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 stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $43,000. Finally, AdvisorNet Financial Inc lifted its stake 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 in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $219.82 on Monday. The company’s 50-day moving average price is $216.56 and its two-hundred day moving average price is $207.93. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The stock has a market capitalization of $11.90 billion, a PE 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.