Chapin Davis Inc. Acquires Shares of 6,200 iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Chapin Davis Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,200 shares of the company’s stock, valued at approximately $1,162,000.

Other large investors also recently added to or reduced their stakes in the company. Able Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $28,000. GAMMA Investing LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $29,000. Baker Avenue Asset Management LP raised its position in shares of iShares MSCI USA Momentum Factor ETF by 46.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock valued at $39,000 after acquiring an additional 89 shares during the period. Sound Income Strategies LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 281.5% during the fourth quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock valued at $39,000 after purchasing an additional 183 shares during the period. Finally, Richardson Financial Services Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $56,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $194.87 on Monday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60. The business has a 50 day simple moving average of $187.75 and a 200 day simple moving average of $178.50. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.