Armbruster Capital Management Inc. Grows Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Armbruster Capital Management Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 201,344 shares of the company’s stock after acquiring an additional 1,253 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 8.5% of Armbruster Capital Management Inc.’s portfolio, making the stock its 2nd largest holding. Armbruster Capital Management Inc. owned approximately 0.37% of iShares MSCI USA Momentum Factor ETF worth $41,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC grew its stake in shares of 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 buying an additional 113 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after acquiring an additional 155 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after acquiring an additional 188 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $43,000. Finally, AdvisorNet Financial Inc raised its position in iShares MSCI USA Momentum Factor ETF by 51.4% in the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after purchasing an additional 74 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 6.7 %

Shares of MTUM stock opened at $222.97 on Monday. The business’s 50-day moving average price is $212.86 and its 200-day moving average price is $203.35. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The firm has a market capitalization of $12.07 billion, a price-to-earnings 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.