Kades & Cheifetz LLC Takes Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Kades & Cheifetz LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,891 shares of the company’s stock, valued at approximately $2,460,000. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.3% of Kades & Cheifetz LLC’s holdings, making the stock its 23rd biggest holding.

A number of other large investors have also bought and sold shares of the stock. Citigroup Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% during the third quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after purchasing an additional 234,524 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.9% during 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 purchasing an additional 213,637 shares in the last quarter. Sanctuary Advisors LLC raised its position in iShares MSCI USA Momentum Factor ETF by 455.1% in the third quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock worth $33,952,000 after acquiring an additional 129,521 shares during the period. FMR LLC raised its position in iShares MSCI USA Momentum Factor ETF by 12.2% in the third quarter. FMR LLC now owns 674,367 shares of the company’s stock worth $136,735,000 after acquiring an additional 73,442 shares during the period. Finally, Assetmark Inc. raised its position 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 worth $343,269,000 after acquiring an additional 72,891 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock traded down $2.88 during mid-day trading on Monday, hitting $206.90. The company had a trading volume of 1,026,117 shares. The firm has a market cap of $11.20 billion, a PE ratio of 18.53 and a beta of 1.10. The stock’s fifty day moving average price is $211.56 and its two-hundred day moving average price is $202.07. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60.

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.