Two Sigma Securities LLC Takes $1 Million Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Two Sigma Securities LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,842 shares of the company’s stock, valued at approximately $1,002,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTUM. Envestnet Asset Management Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 58.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock worth $2,608,970,000 after purchasing an additional 4,651,707 shares during the last quarter. Raymond James Financial Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $574,824,000. LPL Financial LLC grew its position in iShares MSCI USA Momentum Factor ETF by 215.4% in the fourth quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock worth $404,454,000 after buying an additional 1,334,851 shares during the last quarter. Assetmark Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.4% during the 4th quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock valued at $362,297,000 after acquiring an additional 57,922 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.2% during the 4th quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock worth $253,541,000 after acquiring an additional 81,918 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 1.9 %

Shares of BATS MTUM opened at $205.02 on Friday. The stock’s fifty day simple moving average is $203.51 and its 200 day simple moving average is $209.61. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 26.98 and a beta of 1.00. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $229.77.

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.