Larson Financial Group LLC Acquires 190 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Larson Financial Group LLC boosted its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.5% in the second quarter, HoldingsChannel.com reports. The firm owned 1,501 shares of the company’s stock after buying an additional 190 shares during the period. Larson Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Certus Wealth Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $202,000. Cozad Asset Management Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 1.7% in the second quarter. Cozad Asset Management Inc. now owns 26,481 shares of the company’s stock worth $5,160,000 after purchasing an additional 446 shares during the period. Magnus Financial Group LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 20.1% in the second quarter. Magnus Financial Group LLC now owns 6,088 shares of the company’s stock valued at $1,186,000 after purchasing an additional 1,019 shares in the last quarter. Allegheny Financial Group LTD acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $225,000. Finally, TIAA Trust National Association boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 8.3% during the 2nd quarter. TIAA Trust National Association now owns 2,253 shares of the company’s stock worth $439,000 after purchasing an additional 173 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $186.03 on Friday. The business has a 50-day simple moving average of $192.34 and a 200 day simple moving average of $188.25. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

iShares MSCI USA Momentum Factor ETF 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.