Strategic Financial Concepts LLC Acquires New Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Strategic Financial Concepts LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,050 shares of the company’s stock, valued at approximately $217,000.

Other large investors also recently bought and sold shares of the company. Fortitude Family Office LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after purchasing an additional 113 shares during the period. Signaturefd LLC raised 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 worth $33,000 after purchasing an additional 155 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after purchasing an additional 188 shares during the period. Capital Performance Advisors LLP purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $43,000. Finally, AdvisorNet Financial Inc raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after acquiring an additional 74 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 5.2 %

Shares of MTUM stock opened at $219.82 on Friday. The company’s fifty day simple moving average is $216.45 and its 200-day simple moving average is $207.42. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The company has a market cap of $11.90 billion, a PE 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.