iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Stake Increased by Opinicus Capital Inc.

Opinicus Capital Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,097 shares of the company’s stock after acquiring an additional 164 shares during the quarter. Opinicus Capital Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $393,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MTUM. Wealthcare Advisory Partners LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,671 shares of the company’s stock worth $262,000 after purchasing an additional 63 shares during the period. Larson Financial Group LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 6.6% in the 4th quarter. Larson Financial Group LLC now owns 1,288 shares of the company’s stock valued at $202,000 after acquiring an additional 80 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 1.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 6,254 shares of the company’s stock valued at $981,000 after acquiring an additional 87 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in iShares MSCI USA Momentum Factor ETF by 46.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock valued at $39,000 after acquiring an additional 89 shares during the last quarter. Finally, LongView Wealth Management lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.9% in the 1st quarter. LongView Wealth Management now owns 2,675 shares of the company’s stock valued at $501,000 after acquiring an additional 100 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM traded down $0.19 during mid-day trading on Friday, reaching $194.87. The company had a trading volume of 550,589 shares. The stock has a fifty day moving average of $187.75 and a two-hundred day moving average of $178.16. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

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.