Bell Investment Advisors Inc Acquires 609 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Bell Investment Advisors Inc increased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,936 shares of the company’s stock after purchasing an additional 609 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 3.7% of Bell Investment Advisors Inc’s portfolio, making the stock its 9th biggest holding. Bell Investment Advisors Inc’s holdings in iShares MSCI USA Momentum Factor ETF were worth $20,263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fortitude Family Office LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after purchasing an additional 113 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at $33,000. Signaturefd LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after buying an additional 155 shares in the last quarter. Wellington Shields & Co. LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $42,000. Finally, Capital Performance Advisors LLP acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $43,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM traded up $1.80 on Wednesday, reaching $216.26. The company’s stock had a trading volume of 626,141 shares. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The firm’s 50 day moving average is $206.73 and its two-hundred day moving average is $197.18. The stock has a market cap of $11.71 billion, a PE ratio of 18.53 and a beta of 1.10.

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.