SWP Financial LLC Buys New Shares in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

SWP Financial LLC purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 9,067 shares of the company’s stock, valued at approximately $1,876,000. iShares MSCI USA Momentum Factor ETF makes up approximately 1.1% of SWP Financial LLC’s holdings, making the stock its 25th largest holding.

Several other institutional investors have also recently made changes to their positions in the stock. Park Avenue Securities LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 1,055.4% in the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after acquiring an additional 463,387 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 140.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock worth $87,961,000 after purchasing an additional 248,600 shares during the period. Citigroup Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% in the third quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock worth $51,305,000 after purchasing an additional 234,524 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 455.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock valued at $33,952,000 after purchasing an additional 129,521 shares during the period. Finally, FMR LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 12.2% during the 3rd quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after buying an additional 73,442 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $222.97 on Monday. The stock has a fifty day simple moving average of $212.86 and a two-hundred day simple moving average of $203.35. The firm has a market capitalization of $12.07 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week 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.