Biondo Investment Advisors LLC Buys 459 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Biondo Investment Advisors LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,276 shares of the company’s stock after buying an additional 459 shares during the quarter. Biondo Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Gries Financial LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.6% in the 4th quarter. Gries Financial LLC now owns 3,066 shares of the company’s stock valued at $634,000 after purchasing an additional 48 shares during the period. LongView Wealth Management boosted its holdings in iShares MSCI USA Momentum Factor ETF by 2.0% during the fourth quarter. LongView Wealth Management now owns 2,729 shares of the company’s stock worth $565,000 after buying an additional 54 shares during the last quarter. MGB Wealth Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 7.7% during the 4th quarter. MGB Wealth Management LLC now owns 788 shares of the company’s stock worth $163,000 after buying an additional 56 shares during the period. D.A. Davidson & CO. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.8% in the 4th quarter. D.A. Davidson & CO. now owns 7,498 shares of the company’s stock valued at $1,551,000 after acquiring an additional 57 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 5.8% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,084 shares of the company’s stock valued at $224,000 after acquiring an additional 59 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $200.78 on Friday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $229.77. The stock has a market cap of $13.80 billion, a P/E ratio of 27.42 and a beta of 0.99. The firm has a 50 day moving average price of $214.93 and a 200 day moving average price of $210.40.

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.