Global Retirement Partners LLC Increases Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Global Retirement Partners LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 126.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,879 shares of the company’s stock after purchasing an additional 2,729 shares during the period. Global Retirement Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,009,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTUM. Fortitude Family Office LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% in the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after purchasing an additional 113 shares during the period. Signaturefd LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after buying an additional 155 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after acquiring an additional 188 shares during the period. Capital Performance Advisors LLP acquired a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $43,000. Finally, AdvisorNet Financial Inc boosted its position in iShares MSCI USA Momentum Factor ETF by 51.4% during the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 74 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 5.2 %

Shares of MTUM opened at $219.82 on Friday. The firm has a market cap of $11.90 billion, a P/E ratio of 18.53 and a beta of 1.10. The stock’s 50 day moving average is $216.45 and its two-hundred day moving average is $207.42. 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.