Dorsey & Whitney Trust CO LLC Purchases New Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Dorsey & Whitney Trust CO LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,462 shares of the company’s stock, valued at approximately $285,000.

Several other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock worth $1,120,677,000 after acquiring an additional 229,231 shares during the period. Sculati Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $201,000. Traction Financial Partners LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $323,000. Franklin Resources Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 38.3% in the fourth quarter. Franklin Resources Inc. now owns 59,950 shares of the company’s stock worth $9,406,000 after acquiring an additional 16,611 shares during the period. Finally, TSA Wealth Managment LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $301,000.

iShares MSCI USA Momentum Factor ETF Stock Up 1.3 %

Shares of MTUM stock opened at $195.16 on Friday. The company has a 50 day moving average price of $191.92 and a 200-day moving average price of $188.65. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The firm has a market capitalization of $10.57 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.