Janney Montgomery Scott LLC Buys 248,600 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Janney Montgomery Scott LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 140.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 425,097 shares of the company’s stock after acquiring an additional 248,600 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $87,961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MTUM. Assetmark Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 4.5% in the third quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock valued at $343,269,000 after buying an additional 72,891 shares in the last quarter. Cerity Partners LLC raised its position in iShares MSCI USA Momentum Factor ETF by 2.5% in the 3rd quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock valued at $217,745,000 after purchasing an additional 26,235 shares in the last quarter. FMR LLC raised its position 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 worth $136,735,000 after acquiring an additional 73,442 shares in the last quarter. LPL Financial LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 2.0% during the 3rd quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock worth $125,668,000 after buying an additional 11,968 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 1,055.4% during the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after buying an additional 463,387 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 6.2 %

Shares of MTUM stock opened at $222.02 on Thursday. The business’s 50 day moving average is $212.09 and its two-hundred day moving average is $202.89. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The company has a market capitalization of $12.02 billion, a P/E ratio of 18.53 and a beta of 1.10.

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.