IFP Advisors Inc Buys 2,714 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

IFP Advisors Inc raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 25.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,365 shares of the company’s stock after acquiring an additional 2,714 shares during the period. IFP Advisors Inc’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 purchasing an additional 188 shares during the period. AdvisorNet Financial Inc boosted its holdings 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 purchasing an additional 74 shares during the period. Vontobel Holding Ltd. bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $432,000. Signaturefd LLC boosted 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 purchasing an additional 155 shares during the period. Finally, Kingsview Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 17.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock valued at $275,000 after purchasing an additional 202 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $216.93 on Wednesday. The company has a 50-day moving average of $216.59 and a 200-day moving average of $208.40. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of 28.87 and a beta of 0.98. 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.