iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Bought by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 59.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,981 shares of the company’s stock after acquiring an additional 2,232 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MTUM. Bank of Montreal Can boosted its stake in iShares MSCI USA Momentum Factor ETF by 91.7% in the second quarter. Bank of Montreal Can now owns 2,573 shares of the company’s stock valued at $502,000 after acquiring an additional 1,231 shares during the period. AQR Capital Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $253,000. Mather Group LLC. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 46.4% during the third quarter. Mather Group LLC. now owns 625 shares of the company’s stock worth $127,000 after buying an additional 198 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 7.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 1,880 shares of the company’s stock worth $381,000 after buying an additional 127 shares during the period. Finally, Clarus Wealth Advisors boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.2% during the third quarter. Clarus Wealth Advisors now owns 8,082 shares of the company’s stock worth $1,635,000 after buying an additional 177 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 8.2 %

Shares of BATS MTUM opened at $226.03 on Friday. The stock has a 50 day simple moving average of $213.74 and a 200-day simple moving average of $204.54. The company has a market cap of $12.24 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

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.