Aviance Capital Partners LLC Makes New $203,000 Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Aviance Capital Partners LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 1,000 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Arizona PSPRS Trust acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $69,276,000. Mercer Global Advisors Inc. ADV boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after buying an additional 213,637 shares during the period. Symmetry Partners LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 62.7% during the 2nd quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock worth $105,479,000 after acquiring an additional 208,691 shares during the period. Foster Group Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 281.1% during the second quarter. Foster Group Inc. now owns 277,940 shares of the company’s stock worth $54,162,000 after purchasing an additional 205,017 shares during the period. Finally, Cetera Investment Advisers increased its stake in iShares MSCI USA Momentum Factor ETF by 2,256.8% in the 1st quarter. Cetera Investment Advisers now owns 175,700 shares of the company’s stock valued at $32,917,000 after buying an additional 168,245 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $210.99 on Wednesday. The firm has a market cap of $11.43 billion, a PE ratio of 18.53 and a beta of 1.10. The firm’s 50 day moving average price is $204.50 and its 200 day moving average price is $195.91. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60.

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.