Accredited Investors Inc. Acquires Shares of 987 iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Accredited Investors Inc. bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 3rd quarter, HoldingsChannel reports. The fund bought 987 shares of the company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. MinichMacGregor Wealth Management LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 3.9% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,676 shares of the company’s stock worth $340,000 after buying an additional 63 shares in the last quarter. GDS Wealth Management boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.2% during the 3rd quarter. GDS Wealth Management now owns 2,099 shares of the company’s stock valued at $426,000 after acquiring an additional 65 shares during the last quarter. Tyche Wealth Partners LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.7% in the third quarter. Tyche Wealth Partners LLC now owns 2,533 shares of the company’s stock worth $514,000 after acquiring an additional 66 shares during the period. Signature Estate & Investment Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.6% during the third quarter. Signature Estate & Investment Advisors LLC now owns 11,140 shares of the company’s stock valued at $2,259,000 after purchasing an additional 66 shares during the last quarter. Finally, Eagle Strategies LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 2.6% during the third quarter. Eagle Strategies LLC now owns 3,024 shares of the company’s stock valued at $613,000 after purchasing an additional 77 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Down 0.7 %

Shares of MTUM stock opened at $208.41 on Monday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The stock has a market capitalization of $11.29 billion, a P/E ratio of 18.53 and a beta of 1.10. The firm’s 50 day moving average is $204.10 and its 200 day moving average is $195.55.

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.