Magnolia Capital Advisors LLC Boosts Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Magnolia Capital Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,296 shares of the company’s stock after buying an additional 293 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sound Income Strategies LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 281.5% during the fourth quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock worth $39,000 after purchasing an additional 183 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in iShares MSCI USA Momentum Factor ETF by 46.8% during the third quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock worth $39,000 after purchasing an additional 89 shares during the last quarter. BluePath Capital Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $41,000. Provence Wealth Management Group bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $54,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 83.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 576 shares of the company’s stock valued at $80,000 after acquiring an additional 262 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 0.5 %

Shares of BATS MTUM traded down $0.84 during midday trading on Wednesday, reaching $178.23. The company had a trading volume of 529,106 shares. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The firm’s fifty day moving average price is $183.42 and its 200-day moving average price is $164.08. The stock has a market cap of $9.78 billion, a PE ratio of 19.19 and a beta of 1.10.

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.