Concorde Asset Management LLC Purchases 2,585 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Concorde Asset Management LLC raised its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 45.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,293 shares of the company’s stock after purchasing an additional 2,585 shares during the period. Concorde Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,223,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of MTUM. Assetmark Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 11.0% during the second quarter. Assetmark Inc. now owns 577,722 shares of the company’s stock worth $73,698,000 after acquiring an additional 57,410 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $58,000. Deane Retirement Strategies Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $5,210,000. Flagship Harbor Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 25.0% during the third quarter. Flagship Harbor Advisors LLC now owns 2,246 shares of the company’s stock worth $331,000 after acquiring an additional 449 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 54.4% during the third quarter. Vestmark Advisory Solutions Inc. now owns 3,050 shares of the company’s stock worth $450,000 after acquiring an additional 1,074 shares in the last quarter.

Shares of MTUM stock traded up $0.39 during trading hours on Monday, hitting $149.41. 442,193 shares of the company were exchanged. The business has a 50 day moving average of $146.92 and a two-hundred day moving average of $134.49. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60.

Further Reading: How is an ETF different from a mutual fund?

Institutional Ownership by Quarter for iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

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