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 – Free Report) by 7.2% during the third quarter, as shown in its latest Form 13F filing with the Securities and Exchange Commission. Following this increase, the fund now holds a total of 1,880 shares of this ETF after acquiring an additional 127 shares throughout the quarter. As of this filing, the total value of Dynamic Advisor Solutions LLC's holdings in the iShares MSCI USA Momentum Factor ETF stood at approximately $381,000.

In addition to Dynamic Advisor Solutions LLC, other institutional and hedge fund investors have also adjusted their positions in the ETF. For instance, Physician Wealth Advisors Inc. increased its stake by 0.8% in the first quarter, resulting in ownership of 7,927 shares valued at $1,440,000, following the acquisition of 60 additional shares. Similarly, First National Bank & Trust Co. of Newtown raised its holdings in the ETF by 1.4% during the same period, bringing its total to 4,630 shares worth $867,000 after buying 65 more shares.

Regal Investment Advisors LLC also reported a growth in its stake by 3.3% in the second quarter, increasing its holdings to 2,652 shares valued at $517,000 after acquiring 85 shares. Moreover, First Citizens Financial Corp added to its position by 1.9% in the first quarter, now holding 5,048 shares worth $946,000 after purchasing 94 more shares.

LongView Wealth Management also expanded its stake in iShares MSCI USA Momentum Factor ETF by 3.9% in the same quarter, owning 2,675 shares valued at $501,000 after acquiring 100 additional shares during the quarter.

iShares MSCI USA Momentum Factor ETF Performance Overview

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

About the iShares MSCI USA Momentum Factor ETF

The iShares MSCI USA Momentum Factor ETF (MTUM) is an exchange-traded fund designed to follow the MSCI USA Momentum SR Variant index. This ETF tracks a selection of large-cap and mid-cap U.S. equities, chosen and weighted according to their price appreciation over the last six and twelve months, as well as their stability as measured over the preceding three years.

Advisor, ETF, Investment