Transcend Capital Advisors LLC Buys New Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Transcend Capital Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,451 shares of the company’s stock, valued at approximately $507,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTUM. Signaturefd LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after acquiring an additional 155 shares during the last quarter. Dakota Wealth Management lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 19.5% during the third quarter. Dakota Wealth Management now owns 3,343 shares of the company’s stock worth $678,000 after purchasing an additional 546 shares in the last quarter. Trueblood Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $382,000. Convergence Financial LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $12,845,000. Finally, Arkadios Wealth Advisors lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 16.7% during the third quarter. Arkadios Wealth Advisors now owns 2,203 shares of the company’s stock worth $447,000 after purchasing an additional 316 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $219.82 on Friday. The stock’s 50-day moving average is $216.56 and its two-hundred day moving average is $207.73. The stock has a market cap of $11.90 billion, a PE 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.

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.