First Trust Direct Indexing L.P. Makes New Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

First Trust Direct Indexing L.P. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,503 shares of the company’s stock, valued at approximately $1,218,000.

Other hedge funds have also made changes to their positions in the company. Physician Wealth Advisors Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 0.8% in the 1st quarter. Physician Wealth Advisors Inc. now owns 7,927 shares of the company’s stock worth $1,440,000 after purchasing an additional 60 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.9% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,671 shares of the company’s stock worth $262,000 after buying an additional 63 shares during the period. Larson Financial Group LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 6.6% during the 4th quarter. Larson Financial Group LLC now owns 1,288 shares of the company’s stock worth $202,000 after buying an additional 80 shares during the period. SRS Capital Advisors Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 1.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 6,254 shares of the company’s stock valued at $981,000 after buying an additional 87 shares during the last quarter. Finally, Baker Avenue Asset Management LP raised its holdings in iShares MSCI USA Momentum Factor ETF by 46.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock worth $39,000 after acquiring an additional 89 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $198.05 on Friday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The firm has a fifty day moving average price of $189.30 and a two-hundred day moving average price of $179.35. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.