Geneos Wealth Management Inc. Buys 615 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Geneos Wealth Management Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,583 shares of the company’s stock after buying an additional 615 shares during the quarter. Geneos Wealth Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,397,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in iShares MSCI USA Momentum Factor ETF by 14.9% in the 4th quarter. Fifth Third Bancorp now owns 3,478 shares of the company’s stock worth $720,000 after purchasing an additional 452 shares in the last quarter. Firethorn Wealth Partners LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $271,000. Exchange Traded Concepts LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 265.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,410 shares of the company’s stock valued at $292,000 after buying an additional 1,024 shares during the last quarter. Berbice Capital Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $1,123,000. Finally, Sound Income Strategies LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 1.4% during the fourth quarter. Sound Income Strategies LLC now owns 7,594 shares of the company’s stock valued at $1,571,000 after acquiring an additional 108 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 6.7 %

MTUM stock opened at $222.97 on Monday. The stock’s 50 day simple moving average is $212.86 and its 200 day simple moving average is $203.35. 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 $12.07 billion, a PE 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.