Quotient Wealth Partners LLC Takes $203,000 Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Quotient Wealth Partners LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 983 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds also recently added to or reduced their stakes in MTUM. Fortitude Family Office LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% during the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after acquiring an additional 113 shares in the last quarter. Signaturefd LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at approximately $43,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.4% during the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after buying an additional 74 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 8.6 %

Shares of BATS:MTUM opened at $226.95 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The firm has a market cap of $12.29 billion, a PE ratio of 18.53 and a beta of 1.10. The company has a fifty day simple moving average of $214.13 and a 200 day simple moving average of $205.10.

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.