Savvy Advisors Inc. Takes $944,000 Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Savvy Advisors Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,560 shares of the company’s stock, valued at approximately $944,000.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 58.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock worth $2,608,970,000 after acquiring an additional 4,651,707 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $574,824,000. LPL Financial LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 215.4% in the 4th quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock worth $404,454,000 after purchasing an additional 1,334,851 shares in the last quarter. Assetmark Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 3.4% during the 4th quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock valued at $362,297,000 after purchasing an additional 57,922 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 7.2% during the 4th quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock valued at $253,541,000 after purchasing an additional 81,918 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $196.14 on Monday. The company has a market cap of $13.50 billion, a PE ratio of 27.38 and a beta of 1.00. The firm’s 50 day moving average price is $208.71 and its 200-day moving average price is $209.98. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $229.77.

About iShares MSCI USA Momentum Factor ETF

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.