iShares MSCI USA Momentum Factor ETF $MTUM Stock: Foster Group Inc. Grows Holdings

Foster Group Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,385 shares of the company’s stock after acquiring an additional 1,778 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 2.5% of Foster Group Inc.’s investment portfolio, making the stock its 12th biggest holding. Foster Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $91,833,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Beacon Financial Advisory LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.5% during the 1st quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock valued at $361,000 after acquiring an additional 36 shares in the last quarter. 1ST Source Bank grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.9% in the first quarter. 1ST Source Bank now owns 944 shares of the company’s stock valued at $227,000 after acquiring an additional 44 shares in the last quarter. Aegis Wealth Management Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the first quarter. Aegis Wealth Management Inc. now owns 1,197 shares of the company’s stock valued at $287,000 after acquiring an additional 50 shares during the last quarter. Breakwater Capital Group lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.2% during the third quarter. Breakwater Capital Group now owns 1,722 shares of the company’s stock worth $547,000 after acquiring an additional 53 shares during the period. Finally, Axxcess Wealth Management LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 1.5% in the first quarter. Axxcess Wealth Management LLC now owns 4,046 shares of the company’s stock worth $971,000 after purchasing an additional 58 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 0.6%

MTUM opened at $313.11 on Wednesday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The company’s 50-day moving average price is $310.29 and its two-hundred day moving average price is $303.01. The stock has a market cap of $22.86 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

Shares of iShares MSCI USA Momentum Factor ETF are scheduled to split on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Wednesday, November 4th.

iShares MSCI USA Momentum Factor ETF Company Profile

(Free Report)

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.

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