iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 19.1% during the 4th quarter, Holdings Channel reports. The firm owned 19,029 shares of the company’s stock after buying an additional 3,052 shares during the period. DAVENPORT & Co LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,937,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Park Avenue Securities LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1,055.4% in the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after acquiring an additional 463,387 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in 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 purchasing an additional 248,600 shares during the last quarter. Citigroup Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% during the third quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock worth $51,305,000 after acquiring an additional 234,524 shares during the last quarter. Foundations Investment Advisors LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 245.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock worth $46,564,000 after acquiring an additional 159,916 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 455.1% during the third quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock worth $33,952,000 after acquiring an additional 129,521 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $219.06 on Tuesday. The stock has a fifty day moving average price of $213.40 and a 200 day moving average price of $204.01. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The company has a market cap of $11.86 billion, a PE ratio of 18.53 and a beta of 1.10.

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.