GAMMA Investing LLC Invests $29,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

GAMMA Investing LLC bought a new position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 157 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MTUM. Mercer Global Advisors Inc. ADV lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock worth $914,424,000 after purchasing an additional 317,802 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 3.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock valued at $1,120,677,000 after acquiring an additional 229,231 shares during the period. Invst LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $24,213,000. Royal Bank of Canada lifted its position in iShares MSCI USA Momentum Factor ETF by 36.3% during the 3rd quarter. Royal Bank of Canada now owns 509,623 shares of the company’s stock valued at $71,195,000 after acquiring an additional 135,609 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $17,092,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $194.34 on Thursday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The stock has a market cap of $10.52 billion, a P/E ratio of 18.53 and a beta of 1.10. The firm has a 50-day moving average of $186.98 and a 200 day moving average of $177.75.

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.