Silver Oak Securities Incorporated Buys 12,337 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Silver Oak Securities Incorporated raised its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 708.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 14,078 shares of the company’s stock after acquiring an additional 12,337 shares during the period. Silver Oak Securities Incorporated’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of MTUM. Mercer Global Advisors Inc. ADV boosted its holdings in 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 during the period. Envestnet Asset Management Inc. boosted its holdings in 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 during the period. Invst LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $24,213,000. Assetmark Inc. boosted its holdings in 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 during the period. Finally, Royal Bank of Canada raised its stake 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 buying an additional 135,609 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock traded up $2.25 during mid-day trading on Friday, reaching $179.68. The company’s stock had a trading volume of 421,929 shares. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The company has a market cap of $9.86 billion, a P/E ratio of 19.19 and a beta of 1.10. The firm’s 50-day moving average is $183.42 and its two-hundred day moving average is $164.69.

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.