Fifth Third Bancorp Has $240,000 Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Fifth Third Bancorp decreased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 72.3% in the fourth quarter, HoldingsChannel reports. The firm owned 959 shares of the company’s stock after selling 2,497 shares during the period. Fifth Third Bancorp’s holdings in iShares MSCI USA Momentum Factor ETF were worth $240,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Triumph Capital Management acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $25,000. Dagco Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $25,000. Eagle Bay Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $26,000. TFC Financial Management Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $28,000. Finally, United Financial Planning Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $28,000.

iShares MSCI USA Momentum Factor ETF Trading Down 1.8%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $293.91 on Friday. The stock has a 50-day moving average price of $257.98 and a 200 day moving average price of $254.25. The company has a market cap of $21.46 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $216.38 and a 1 year high of $299.47.

iShares MSCI USA Momentum Factor ETF Profile

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.