iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Stake Lifted by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 995,986 shares of the company’s stock after purchasing an additional 35,468 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 5.6% of Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s portfolio, making the stock its biggest position. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $206,089,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTUM. Thurston Springer Miller Herd & Titak Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after acquiring an additional 188 shares in the last quarter. AdvisorNet Financial Inc boosted its position in iShares MSCI USA Momentum Factor ETF by 51.4% during the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after purchasing an additional 74 shares in the last quarter. Signaturefd LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares during the last quarter. Arizona PSPRS Trust raised its holdings in iShares MSCI USA Momentum Factor ETF by 2.0% in the third quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock worth $73,523,000 after purchasing an additional 7,115 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 203,140 shares of the company’s stock valued at $39,586,000 after buying an additional 4,802 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 6.7 %

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $222.97 on Monday. The company has a market cap of $12.07 billion, a P/E ratio of 18.53 and a beta of 1.10. The firm’s 50 day moving average price is $212.86 and its 200-day moving average price is $203.35. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week 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.