Dynamic Advisor Solutions LLC Increases Stake in iShares MSCI USA Momentum Factor ETF

Dynamic Advisor Solutions LLC has increased its investment in the iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.2% during the third quarter. This information comes from their latest Form 13F filing submitted to the Securities & Exchange Commission. Following this move, the fund now holds a total of 1,880 shares after acquiring an additional 127 shares during the quarter.

The total value of Dynamic Advisor Solutions LLC’s holdings in the ETF amounts to approximately $381,000 based on the most recent filing.

Additionally, several other institutional investors have also made adjustments to their stakes in the iShares MSCI USA Momentum Factor ETF. Physician Wealth Advisors Inc. increased its investment by 0.8% during the first quarter, bringing its total holdings to 7,927 shares, valued at $1,440,000 after purchasing 60 more shares.

First National Bank & Trust Co. of Newtown raised its holdings by 1.4%, now owning 4,630 shares worth $867,000 after acquiring 65 shares. Regal Investment Advisors LLC increased its position by 3.3% in the second quarter, now holding 2,652 shares valued at $517,000 after adding 85 shares to its portfolio.

In the first quarter, First Citizens Financial Corp also grew its investment by 1.9%, with total ownership of 5,048 shares that are valued at $946,000 after buying an additional 94 shares. Lastly, LongView Wealth Management increased its stake by 3.9% in the first quarter, now owning 2,675 shares worth $501,000 after purchasing an additional 100 shares.

Stock Performance of iShares MSCI USA Momentum Factor ETF

As of the last trading day, shares of the iShares MSCI USA Momentum Factor ETF opened at $207.36. The ETF has a market capitalization of $11.23 billion, a price-to-earnings (P/E) ratio of 18.53, and a beta value of 1.10. Over the past year, the ETF has experienced a low point of $81.37 and a high point of $113.60. Its fifty-day moving average stands at $195.62, while the two-hundred day moving average is at $191.10.

Overview of iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund that is designed to follow the MSCI USA Momentum SR Variant index. It invests in a selection of large- and mid-cap U.S. equities that are ranked and weighted based on their price performance over six and twelve months, as well as their low volatility over a three-year period.

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