Brogan Financial Inc. Raises Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Brogan Financial Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,692 shares of the company’s stock after buying an additional 76 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 0.3% of Brogan Financial Inc.’s holdings, making the stock its 23rd largest position. Brogan Financial Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $388,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MTUM. HHM Wealth Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 900.0% during the first quarter. HHM Wealth Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after buying an additional 171 shares in the last quarter. WFA of San Diego LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $28,000. Coastal Investment Advisors Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 1,428.6% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 214 shares of the company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $31,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock traded up $0.34 during trading on Monday, reaching $149.98. The company had a trading volume of 283,789 shares. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The stock’s 50 day moving average price is $142.09 and its two-hundred day moving average price is $142.37. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 19.35 and a beta of 0.91.

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.