Opinicus Capital Inc. Makes New Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Opinicus Capital Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,933 shares of the company’s stock, valued at approximately $303,000.

Other large investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock valued at $914,424,000 after purchasing an additional 317,802 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,913,845 shares of the company’s stock valued at $965,864,000 after purchasing an additional 277,017 shares in the last quarter. Invst LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $24,213,000. Assetmark Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the 3rd quarter. Assetmark Inc. now owns 1,584,283 shares of the company’s stock valued at $221,324,000 after purchasing an additional 137,311 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 36.3% in the 3rd quarter. Royal Bank of Canada now owns 509,623 shares of the company’s stock valued at $71,195,000 after purchasing an additional 135,609 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM traded up $2.25 during trading hours on Friday, reaching $179.68. The company’s stock had a trading volume of 421,929 shares. The stock has a market cap of $9.86 billion, a PE ratio of 19.19 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The company’s 50-day moving average is $183.42 and its two-hundred day moving average is $164.53.

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.