Accredited Investors Inc. Invests $200,000 in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Accredited Investors Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 987 shares of the company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors also recently modified their holdings of MTUM. Fortitude Family Office LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying an additional 113 shares during the period. Abich Financial Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $33,000. Signaturefd LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after acquiring an additional 155 shares during the period. Wellington Shields & Co. LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $42,000. Finally, Capital Performance Advisors LLP bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $43,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $208.41 on Monday. The company has a 50 day simple moving average of $204.10 and a two-hundred day simple moving average of $195.55. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.