CogentBlue Wealth Advisors LLC Acquires New Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

CogentBlue Wealth Advisors LLC bought 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 filing with the SEC. The institutional investor bought 1,513 shares of the company’s stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fortitude Family Office LLC boosted its position 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 period. Signaturefd LLC boosted its position in 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 worth $33,000 after acquiring an additional 155 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted 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 bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $43,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of 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 9.6 %

Shares of MTUM opened at $229.08 on Thursday. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. 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 fifty day simple moving average of $216.18 and a 200 day simple moving average of $207.29.

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.