Envestnet Portfolio Solutions Inc. Has $7.54 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 245.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,238 shares of the company’s stock after acquiring an additional 28,580 shares during the period. Envestnet Portfolio Solutions Inc. owned about 0.07% of iShares MSCI USA Momentum Factor ETF worth $7,539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MTUM. CFO4Life Group LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 1.3% during the first quarter. CFO4Life Group LLC now owns 124,220 shares of the company’s stock worth $23,273,000 after acquiring an additional 1,645 shares in the last quarter. Advisory Services Network LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3,278.0% during the 1st quarter. Advisory Services Network LLC now owns 65,973 shares of the company’s stock valued at $12,360,000 after purchasing an additional 64,020 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 5.7% in the first quarter. Geneos Wealth Management Inc. now owns 11,859 shares of the company’s stock valued at $2,222,000 after buying an additional 640 shares in the last quarter. Buck Wealth Strategies LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $447,000. Finally, Csenge Advisory Group raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.7% in the first quarter. Csenge Advisory Group now owns 22,283 shares of the company’s stock valued at $4,175,000 after acquiring an additional 992 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.3 %

BATS MTUM traded up $0.59 during trading hours on Friday, reaching $199.33. 756,712 shares of the company’s stock were exchanged. The stock has a market cap of $10.79 billion, a PE ratio of 18.53 and a beta of 1.10. The firm has a fifty day moving average of $191.49 and a 200-day moving average of $180.86. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60.

iShares MSCI USA Momentum Factor ETF Company 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.