Envestnet Portfolio Solutions Inc. Boosts Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Envestnet Portfolio Solutions Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5,196.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 689,435 shares of the company’s stock after acquiring an additional 676,419 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $142,658,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $25,000. Mainstream Capital Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 valued at $41,000 after purchasing an additional 188 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of 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 valued at $45,000 after buying an additional 74 shares in the last quarter. Finally, Realta Investment Advisors acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $49,000.

iShares MSCI USA Momentum Factor ETF Trading Down 3.3 %

Shares of BATS MTUM opened at $202.19 on Friday. The company’s 50-day moving average price is $216.02 and its 200 day moving average price is $209.64. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $229.77. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 27.42 and a beta of 0.99.

iShares MSCI USA Momentum Factor ETF 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.