Fmr LLC Expands Investment in iShares MSCI USA Momentum Factor ETF

Fmr LLC has recently increased its investment in the iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 12.2% during the third quarter, as reported in its latest filing with the SEC. The institutional investor now holds a total of 674,367 shares, having purchased an additional 73,442 shares throughout the quarter. As of its most recent SEC disclosure, Fmr LLC owns 1.25% of the iShares MSCI USA Momentum Factor ETF, which values its stake at approximately $136,735,000.

In addition to Fmr LLC, several other significant investors have also adjusted their positions in the ETF. For instance, Mercer Global Advisors Inc. ADV increased its holdings by 2.9% during the second quarter, now owning 7,551,417 shares valued at $1,463,815,000, following the acquisition of 213,637 shares. Similarly, Assetmark Inc. raised its position in the ETF by 4.5% in the third quarter, resulting in ownership of 1,692,983 shares worth $343,269,000 after acquiring 72,891 shares.

Cerity Partners LLC also bolstered its stake in the iShares MSCI USA Momentum Factor ETF by 2.5% in the third quarter, now holding 1,073,907 shares valued at $217,745,000 after purchasing 26,235 additional shares. Furthermore, LPL Financial LLC saw an increase of 2.0% in its position during the same quarter, owning 619,786 shares worth $125,668,000 with an additional 11,968 shares bought. Lastly, Symmetry Partners LLC significantly expanded its stake by 62.7% in the second quarter, bringing its total to 541,276 shares valued at $105,479,000 after acquiring an impressive 208,691 shares.

Market Performance of iShares MSCI USA Momentum Factor ETF

On Wednesday, shares of BATS MTUM opened at $215.27. The fifty-day and 200-day moving averages for the ETF are $208.19 and $198.20, respectively. Over the last year, the iShares MSCI USA Momentum Factor ETF has seen a low of $81.37 and a high of $113.60. The company currently boasts a market cap of $11.66 billion, with a price-to-earnings ratio of 18.53 and a beta of 1.10.

Overview of the iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is designed to track the MSCI USA Momentum SR Variant index. This exchange-traded fund focuses on a selection of large- and mid-cap U.S. equities, which are chosen based on price appreciation over six- and twelve-month periods, alongside low volatility metrics from the past three years.

FmrLLC, investment, ETF