Magnolia Capital Advisors LLC Raises Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Magnolia Capital Advisors LLC grew its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 293.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,842 shares of the company’s stock after acquiring an additional 18,524 shares during the period. Magnolia Capital Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MTUM. First Personal Financial Services purchased a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $27,000. Woodmont Investment Counsel LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $28,000. GAMMA Investing LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth $29,000. Abich Financial Wealth Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth $33,000. Finally, Able Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $28,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $201.94 on Friday. The company has a market cap of $10.93 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60. The firm’s fifty day moving average is $192.45 and its two-hundred day moving average is $189.88.

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.