Royal Fund Management LLC Boosts Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Royal Fund Management LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 76.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 40,857 shares of the company’s stock after acquiring an additional 17,682 shares during the period. Royal Fund Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,324,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its position in iShares MSCI USA Momentum Factor ETF by 1.0% during the first quarter. UMB Bank n.a. now owns 5,971 shares of the company’s stock valued at $1,119,000 after acquiring an additional 58 shares in the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.8% during 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 in the last quarter. 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 boosted its holdings in iShares MSCI USA Momentum Factor ETF by 3.3% during the second quarter. Regal Investment Advisors LLC now owns 2,652 shares of the company’s stock worth $517,000 after buying an additional 85 shares in the last quarter. Finally, First Citizens Financial Corp grew its position in iShares MSCI USA Momentum Factor ETF by 1.9% during the first quarter. First Citizens Financial Corp now owns 5,048 shares of the company’s stock valued at $946,000 after buying an additional 94 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 1.0 %

MTUM traded up $2.01 on Wednesday, reaching $204.31. The stock had a trading volume of 524,276 shares. The business’s 50-day moving average price is $193.99 and its two-hundred day moving average price is $190.65. The company has a market cap of $11.06 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

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.