Ehrlich Financial Group Takes $1.66 Million Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Ehrlich Financial Group purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,039 shares of the company’s stock, valued at approximately $1,663,000. iShares MSCI USA Momentum Factor ETF makes up approximately 1.2% of Ehrlich Financial Group’s portfolio, making the stock its 24th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTUM. Claro Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $2,079,000. Kades & Cheifetz LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $2,460,000. Accelerate Investment Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $225,000. Wedmont Private Capital lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.3% in the fourth quarter. Wedmont Private Capital now owns 1,972 shares of the company’s stock worth $408,000 after acquiring an additional 168 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 18.7% in the fourth quarter. Capital Investment Advisors LLC now owns 1,671 shares of the company’s stock valued at $346,000 after purchasing an additional 263 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 1.4 %

MTUM stock traded down $2.88 during midday trading on Monday, hitting $206.90. 1,026,117 shares of the company’s stock were exchanged. The stock has a market capitalization of $11.20 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm has a 50 day moving average price of $211.56 and a 200-day moving average price of $202.07. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month 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.