Summit X LLC Has $4.58 Million Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Summit X LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1,416.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,142 shares of the company’s stock after purchasing an additional 20,682 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 1.0% of Summit X LLC’s holdings, making the stock its 26th biggest position. Summit X LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,582,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MTUM. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $574,824,000. Assetmark Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 3.4% during the 4th quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock worth $362,297,000 after purchasing an additional 57,922 shares in the last quarter. Blue Trust Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 7.2% during the 4th quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock valued at $253,541,000 after purchasing an additional 81,918 shares during the period. Cerity Partners LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the third quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock valued at $217,745,000 after purchasing an additional 26,235 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.7% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 995,986 shares of the company’s stock valued at $206,089,000 after purchasing an additional 35,468 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 5.8 %

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $196.90 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $229.77. The stock has a 50-day moving average price of $216.48 and a 200 day moving average price of $209.67. The company has a market cap of $14.13 billion, a P/E ratio of 28.87 and a beta of 0.98.

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.