AdvisorNet Financial Inc Increases Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

AdvisorNet Financial Inc increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 51.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218 shares of the company’s stock after purchasing an additional 74 shares during the period. AdvisorNet Financial Inc’s holdings in iShares MSCI USA Momentum Factor ETF were worth $45,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MTUM. Citigroup Inc. grew its position in 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 acquiring an additional 234,524 shares during the period. Sanctuary Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF by 455.1% during the third quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock valued at $33,952,000 after acquiring an additional 129,521 shares during the period. FMR LLC grew its position in iShares MSCI USA Momentum Factor ETF by 12.2% during the third quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after acquiring an additional 73,442 shares during the period. Assetmark Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 4.5% during the third quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock valued at $343,269,000 after acquiring an additional 72,891 shares during the period. Finally, Convergence Financial LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $12,845,000.

iShares MSCI USA Momentum Factor ETF Trading Up 4.0 %

MTUM stock opened at $217.36 on Friday. The stock has a 50-day moving average price of $211.85 and a two-hundred day moving average price of $202.56. The company has a market cap of $11.77 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

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.