Verdence Capital Advisors LLC Has $975,000 Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Verdence Capital Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,713 shares of the company’s stock after acquiring an additional 70 shares during the period. Verdence Capital Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $975,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.4% in the 4th quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock valued at $362,297,000 after buying an additional 57,922 shares during the last quarter. Blue Trust Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 7.2% in the 4th quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock valued at $253,541,000 after buying an additional 81,918 shares during the last quarter. Cerity Partners LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% in the 3rd quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock valued at $217,745,000 after buying an additional 26,235 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.7% in the 4th 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 buying an additional 35,468 shares during the last quarter. Finally, FMR LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 12.2% in the 3rd quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after buying an additional 73,442 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 1.8 %

MTUM opened at $212.74 on Thursday. The firm has a market capitalization of $15.26 billion, a P/E ratio of 28.87 and a beta of 0.98. The stock’s 50 day moving average price is $217.33 and its two-hundred day moving average price is $209.49. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $229.77.

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.