Delta Financial Group Inc. Makes New Investment in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Delta Financial Group Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 3rd quarter, Holdings Channel.com reports. The firm bought 1,502 shares of the company’s stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UMB Bank n.a. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.0% in the 1st quarter. UMB Bank n.a. now owns 5,971 shares of the company’s stock valued at $1,119,000 after purchasing an additional 58 shares during the period. Physician Wealth Advisors Inc. lifted its stake in shares of 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 valued at $1,440,000 after purchasing an additional 60 shares during the period. First National Bank & Trust Co. of Newtown lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.4% in the 1st quarter. First National Bank & Trust Co. of Newtown now owns 4,630 shares of the company’s stock valued at $867,000 after purchasing an additional 65 shares during the period. Regal Investment Advisors LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 2,652 shares of the company’s stock valued at $517,000 after purchasing an additional 85 shares during the period. Finally, First Citizens Financial Corp lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.9% in the 1st quarter. First Citizens Financial Corp now owns 5,048 shares of the company’s stock valued at $946,000 after purchasing an additional 94 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $201.80 on Friday. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The business’s 50-day moving average is $193.38 and its 200-day moving average is $190.35. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60.

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.