73,765 Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 73,765 shares of the company’s stock, valued at approximately $15,263,000. Strategic Financial Concepts LLC owned 0.14% of iShares MSCI USA Momentum Factor ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Park Avenue Securities LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 1,055.4% during the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after acquiring an additional 463,387 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 140.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock valued at $87,961,000 after acquiring an additional 248,600 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% in the third quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after acquiring an additional 234,524 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 245.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock valued at $46,564,000 after acquiring an additional 159,916 shares in the last quarter. Finally, JB Capital LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $32,997,000.

iShares MSCI USA Momentum Factor ETF Trading Up 7.6 %

MTUM stock opened at $224.81 on Friday. The company has a market cap of $12.17 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The company’s 50-day moving average price is $213.96 and its 200 day moving average price is $204.69.

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.