Sovereign Financial Group Inc. Has $895,000 Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Sovereign Financial Group Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 201.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,326 shares of the company’s stock after buying an additional 2,891 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $895,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1,255.6% in the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after acquiring an additional 113 shares during the period. Abich Financial Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth about $33,000. Signaturefd LLC lifted its position in shares of 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 worth $33,000 after purchasing an additional 155 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $43,000. Finally, AdvisorNet Financial Inc grew its holdings in iShares MSCI USA Momentum Factor ETF by 51.4% in 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 Stock Up 1.0 %

Shares of BATS MTUM opened at $208.99 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The company has a market cap of $11.32 billion, a P/E ratio of 18.53 and a beta of 1.10. The business’s 50 day moving average is $211.70 and its two-hundred day moving average is $202.24.

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.