Sound Income Strategies LLC Boosts Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Sound Income Strategies LLC grew its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,594 shares of the company’s stock after acquiring an additional 108 shares during the period. Sound Income Strategies LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,571,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the third quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock valued at $343,269,000 after purchasing an additional 72,891 shares during the period. Cerity Partners LLC lifted 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 buying an additional 26,235 shares during the period. FMR LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 12.2% during the 3rd quarter. FMR LLC now owns 674,367 shares of the company’s stock worth $136,735,000 after buying an additional 73,442 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.0% during the third quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock valued at $125,668,000 after buying an additional 11,968 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% in the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after acquiring an additional 463,387 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $223.65 on Friday. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm’s 50-day moving average is $212.29 and its two-hundred day moving average is $203.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60.

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.