Bell Investment Advisors Inc Boosts Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Bell Investment Advisors Inc increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 99,936 shares of the company’s stock after buying an additional 609 shares during the period. iShares MSCI USA Momentum Factor ETF comprises approximately 3.7% of Bell Investment Advisors Inc’s holdings, making the stock its 9th biggest position. Bell Investment Advisors Inc owned 0.18% of iShares MSCI USA Momentum Factor ETF worth $20,263,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its position in iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after buying an additional 213,637 shares during the period. Assetmark Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 4.5% during the third quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock worth $343,269,000 after acquiring an additional 72,891 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the 3rd quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock worth $217,745,000 after acquiring an additional 26,235 shares during the period. FMR LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 12.2% in the 3rd quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after purchasing an additional 73,442 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 2.0% during the 3rd quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock valued at $125,668,000 after purchasing an additional 11,968 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM traded up $1.80 during trading hours on Wednesday, hitting $216.26. The stock had a trading volume of 626,141 shares. The stock’s fifty day simple moving average is $206.73 and its 200 day simple moving average is $197.18. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60.

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.