Oppenheimer & Co. Inc. Increases Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Oppenheimer & Co. Inc. lifted its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 12.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,510 shares of the company’s stock after purchasing an additional 11,626 shares during the period. Oppenheimer & Co. Inc. owned about 0.19% of iShares MSCI USA Momentum Factor ETF worth $20,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Simmons Bank bought a new position in iShares MSCI USA Momentum Factor ETF during the third quarter valued at $203,000. Haverford Trust Co lifted its position in iShares MSCI USA Momentum Factor ETF by 1.3% during the third quarter. Haverford Trust Co now owns 26,883 shares of the company’s stock valued at $5,451,000 after purchasing an additional 354 shares during the last quarter. First Heartland Consultants Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 30.5% during the third quarter. First Heartland Consultants Inc. now owns 1,345 shares of the company’s stock valued at $273,000 after purchasing an additional 314 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in iShares MSCI USA Momentum Factor ETF by 21.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 62,014 shares of the company’s stock valued at $12,574,000 after purchasing an additional 10,831 shares during the last quarter. Finally, GDS Wealth Management lifted its position in iShares MSCI USA Momentum Factor ETF by 3.2% during the third quarter. GDS Wealth Management now owns 2,099 shares of the company’s stock valued at $426,000 after purchasing an additional 65 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock traded down $1.09 during trading on Wednesday, hitting $212.51. The stock had a trading volume of 1,206,402 shares. The firm’s fifty day simple moving average is $202.43 and its 200-day simple moving average is $194.77. The stock has a market cap of $11.51 billion, a PE 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.