315,070 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Purchased by Summit Rock Advisors LP

Summit Rock Advisors LP bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 315,070 shares of the company’s stock, valued at approximately $65,392,000. iShares MSCI USA Momentum Factor ETF accounts for 22.2% of Summit Rock Advisors LP’s portfolio, making the stock its 2nd biggest position.

Other large investors have also added to or reduced their stakes in the company. Gries Financial LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.6% during the 4th quarter. Gries Financial LLC now owns 3,066 shares of the company’s stock valued at $634,000 after buying an additional 48 shares in the last quarter. LongView Wealth Management raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.0% during the 4th quarter. LongView Wealth Management now owns 2,729 shares of the company’s stock valued at $565,000 after buying an additional 54 shares in the last quarter. MGB Wealth Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.7% during the 4th quarter. MGB Wealth Management LLC now owns 788 shares of the company’s stock valued at $163,000 after buying an additional 56 shares in the last quarter. D.A. Davidson & CO. increased its stake in iShares MSCI USA Momentum Factor ETF by 0.8% in the 4th quarter. D.A. Davidson & CO. now owns 7,498 shares of the company’s stock worth $1,551,000 after purchasing an additional 57 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 5.8% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,084 shares of the company’s stock worth $224,000 after purchasing an additional 59 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $202.19 on Friday. The business’s 50 day simple moving average is $216.02 and its two-hundred day simple moving average is $209.64. The stock has a market capitalization of $13.90 billion, a P/E ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $229.77.

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.