CBIZ Investment Advisory Services LLC Acquires New Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

CBIZ Investment Advisory Services LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,194 shares of the company’s stock, valued at approximately $1,489,000. iShares MSCI USA Momentum Factor ETF makes up 0.1% of CBIZ Investment Advisory Services LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 10.0% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 6,797 shares of the company’s stock worth $1,378,000 after purchasing an additional 617 shares during the period. Straight Path Wealth Management lifted its position in iShares MSCI USA Momentum Factor ETF by 0.5% during the third quarter. Straight Path Wealth Management now owns 62,935 shares of the company’s stock worth $12,761,000 after buying an additional 335 shares during the period. Accredited Investors Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $200,000. EQ LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $201,000. Finally, Aviance Capital Partners LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $203,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $202.19 on Friday. The firm’s 50-day simple moving average is $216.02 and its 200-day simple moving average is $209.64. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $229.77. The firm has a market cap of $13.90 billion, a P/E ratio of 27.42 and a beta of 0.99.

About iShares MSCI USA Momentum Factor ETF

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.