Bright Financial Advisors Inc. Acquires Shares of 14,159 iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Bright Financial Advisors Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,159 shares of the company’s stock, valued at approximately $2,759,000. iShares MSCI USA Momentum Factor ETF makes up approximately 1.9% of Bright Financial Advisors Inc.’s portfolio, making the stock its 15th biggest position.

A number of other institutional investors have also recently modified their holdings of MTUM. Envestnet Asset Management Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 3.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock worth $1,120,677,000 after acquiring an additional 229,231 shares in the last quarter. Sculati Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $201,000. Traction Financial Partners LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $323,000. Franklin Resources Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 38.3% during the 4th quarter. Franklin Resources Inc. now owns 59,950 shares of the company’s stock worth $9,406,000 after purchasing an additional 16,611 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $329,000.

iShares MSCI USA Momentum Factor ETF Trading Down 0.3 %

MTUM stock opened at $196.55 on Thursday. The business’s 50-day moving average is $191.68 and its 200 day moving average is $189.11. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The stock has a market cap of $10.64 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.