Cerity Partners LLC Grows Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Cerity Partners LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,073,907 shares of the company’s stock after purchasing an additional 26,235 shares during the period. Cerity Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $217,745,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC increased its position in iShares MSCI USA Momentum Factor ETF by 1,255.6% in 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. Abich Financial Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth $33,000. Signaturefd LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after acquiring an additional 155 shares during the last quarter. Wellington Shields & Co. LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $42,000. Finally, Capital Performance Advisors LLP purchased a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $43,000.

iShares MSCI USA Momentum Factor ETF Stock Up 0.5 %

MTUM opened at $214.93 on Friday. The firm has a 50-day moving average price of $206.00 and a 200-day moving average price of $196.56. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 18.53 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.