Accelerate Investment Advisors LLC Buys Shares of 1,086 iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Accelerate Investment Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,086 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC grew its position in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares in the last quarter. Arizona PSPRS Trust grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.0% in the 3rd quarter. Arizona PSPRS Trust now owns 362,613 shares of the company’s stock valued at $73,523,000 after acquiring an additional 7,115 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 407.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock valued at $791,000 after acquiring an additional 3,260 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after acquiring an additional 213,637 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in iShares MSCI USA Momentum Factor ETF by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 203,140 shares of the company’s stock valued at $39,586,000 after purchasing an additional 4,802 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock traded down $2.88 during mid-day trading on Monday, reaching $206.90. The company had a trading volume of 1,026,117 shares. The company has a market capitalization of $11.20 billion, a price-to-earnings 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. The stock has a 50 day simple moving average of $211.56 and a two-hundred day simple moving average of $202.07.

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.