Truist Financial Corp Boosts Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Truist Financial Corp increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 276.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,074 shares of the company’s stock after buying an additional 72,739 shares during the period. Truist Financial Corp owned about 0.18% of iShares MSCI USA Momentum Factor ETF worth $20,500,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gries Financial LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.6% in the fourth quarter. Gries Financial LLC now owns 3,066 shares of the company’s stock worth $634,000 after purchasing an additional 48 shares in the last quarter. LongView Wealth Management increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.0% in the fourth quarter. LongView Wealth Management now owns 2,729 shares of the company’s stock worth $565,000 after purchasing an additional 54 shares in the last quarter. MGB Wealth Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.7% in the fourth quarter. MGB Wealth Management LLC now owns 788 shares of the company’s stock worth $163,000 after purchasing an additional 56 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.8% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,084 shares of the company’s stock worth $224,000 after purchasing an additional 59 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the third quarter. MinichMacGregor Wealth Management LLC now owns 1,676 shares of the company’s stock worth $340,000 after purchasing an additional 63 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 9.6 %

MTUM opened at $229.08 on Thursday. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm has a 50-day moving average price of $216.18 and a 200-day moving average price of $207.29. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60.

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.