Smithfield Trust Co Grows Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Smithfield Trust Co increased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 92.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,317 shares of the company’s stock after buying an additional 632 shares during the quarter. Smithfield Trust Co’s holdings in iShares MSCI USA Momentum Factor ETF were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MTUM. Gries Financial LLC raised its position in iShares MSCI USA Momentum Factor ETF by 1.6% in the 4th quarter. Gries Financial LLC now owns 3,066 shares of the company’s stock valued at $634,000 after purchasing an additional 48 shares during the last quarter. LongView Wealth Management grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.0% during the fourth quarter. LongView Wealth Management now owns 2,729 shares of the company’s stock worth $565,000 after buying an additional 54 shares during the last quarter. MGB Wealth Management LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.7% during the fourth quarter. MGB Wealth Management LLC now owns 788 shares of the company’s stock worth $163,000 after buying an additional 56 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.8% during the fourth quarter. D.A. Davidson & CO. now owns 7,498 shares of the company’s stock worth $1,551,000 after buying an additional 57 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.8% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,084 shares of the company’s stock worth $224,000 after buying an additional 59 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $212.74 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $229.77. The business has a 50 day simple moving average of $217.33 and a 200-day simple moving average of $209.49. The stock has a market capitalization of $15.26 billion, a PE ratio of 28.87 and a beta of 0.98.

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.