Stage Harbor Financial LLC Takes $242,000 Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Stage Harbor Financial LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,170 shares of the company’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also bought and sold shares of MTUM. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $574,824,000. LPL Financial LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 215.4% in the 4th quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock worth $404,454,000 after buying an additional 1,334,851 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 204.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,128,104 shares of the company’s stock valued at $233,427,000 after buying an additional 758,024 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5,196.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock valued at $142,658,000 after acquiring an additional 676,419 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% during the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after acquiring an additional 463,387 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 3.9 %

BATS:MTUM opened at $200.78 on Friday. The firm’s fifty day simple moving average is $214.93 and its 200 day simple moving average is $210.55. The stock has a market cap of $13.80 billion, a P/E ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve 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.