JPMorgan Chase & Co. Has $233.43 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

JPMorgan Chase & Co. lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 204.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,128,104 shares of the company’s stock after buying an additional 758,024 shares during the period. JPMorgan Chase & Co.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $233,427,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its position 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 in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.4% during the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after buying an additional 74 shares during the last quarter. Vontobel Holding Ltd. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $432,000. Kingsview Wealth Management LLC increased its position 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 valued at $275,000 after acquiring an additional 202 shares during the last quarter. Finally, Summit X LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1,416.6% during the fourth quarter. Summit X LLC now owns 22,142 shares of the company’s stock worth $4,582,000 after acquiring an additional 20,682 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $202.14 on Tuesday. The stock has a 50 day moving average price of $214.63 and a 200 day moving average price of $210.73. The stock has a market capitalization of $13.92 billion, a PE ratio of 27.38 and a beta of 1.00. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $229.77.

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.