Park Avenue Securities LLC Has $8.96 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Park Avenue Securities LLC increased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,970 shares of the company’s stock after buying an additional 3,954 shares during the period. Park Avenue Securities LLC owned 0.08% of iShares MSCI USA Momentum Factor ETF worth $8,958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock valued at $1,120,677,000 after acquiring an additional 229,231 shares in the last quarter. Assetmark Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the fourth quarter. Assetmark Inc. now owns 1,646,261 shares of the company’s stock valued at $258,282,000 after purchasing an additional 61,978 shares during the period. Blue Trust Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 20.1% in the first quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock worth $232,257,000 after buying an additional 207,306 shares during the last quarter. CWM LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 9.3% during the 4th quarter. CWM LLC now owns 1,134,217 shares of the company’s stock worth $177,947,000 after buying an additional 96,845 shares during the period. Finally, Savant Capital LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 10.0% in the 4th quarter. Savant Capital LLC now owns 1,108,786 shares of the company’s stock valued at $173,957,000 after buying an additional 100,463 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 1.3 %

iShares MSCI USA Momentum Factor ETF stock traded down $2.28 on Wednesday, reaching $176.11. 858,808 shares of the stock were exchanged. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The firm has a fifty day moving average price of $192.48 and a two-hundred day moving average price of $185.25. The stock has a market cap of $9.54 billion, a PE ratio of 18.53 and a beta of 1.10.

iShares MSCI USA Momentum Factor ETF 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.