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

Royal Fund Management LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 76.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,857 shares of the company’s stock after purchasing an additional 17,682 shares during the quarter. Royal Fund Management LLC owned approximately 0.08% of iShares MSCI USA Momentum Factor ETF worth $8,324,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $329,000. Barometer Capital Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $408,000. Blair William & Co. IL lifted its position in iShares MSCI USA Momentum Factor ETF by 7.8% during the first quarter. Blair William & Co. IL now owns 7,919 shares of the company’s stock valued at $1,484,000 after purchasing an additional 571 shares in the last quarter. New Hampshire Trust purchased a new position in iShares MSCI USA Momentum Factor ETF during the first quarter valued at $205,000. Finally, Able Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $28,000.

iShares MSCI USA Momentum Factor ETF Stock Up 1.0 %

MTUM traded up $2.01 during midday trading on Wednesday, reaching $204.31. The company had a trading volume of 524,276 shares. The business has a 50-day moving average of $193.99 and a two-hundred day moving average of $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 1 year low of $81.37 and a 1 year high of $113.60.

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.