Cadence Bank Invests $229,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Cadence Bank bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,221 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds also recently made changes to their positions in the company. First Personal Financial Services acquired a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $27,000. Able Wealth Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $28,000. Woodmont Investment Counsel LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $28,000. GAMMA Investing LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $29,000. Finally, Family Capital Trust Co bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $34,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM traded up $2.45 during midday trading on Friday, reaching $188.06. The stock had a trading volume of 486,110 shares. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The firm’s 50 day moving average price is $193.39 and its 200-day moving average price is $183.55. The company has a market capitalization of $10.18 billion, a P/E ratio of 18.53 and a beta of 1.10.

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.