ARQ Wealth Advisors LLC Decreases Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

ARQ Wealth Advisors LLC reduced its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.4% in the 4th quarter, HoldingsChannel reports. The fund owned 16,279 shares of the company’s stock after selling 928 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.3% of ARQ Wealth Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. ARQ Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,368,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Duncker Streett & Co. Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $25,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $30,000. Mainstream Capital Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $31,000. Sunbelt Securities Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 465.5% in the 4th quarter. Sunbelt Securities Inc. now owns 164 shares of the company’s stock valued at $34,000 after purchasing an additional 135 shares during the last quarter. Finally, Operose Advisors LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 48.0% in the 4th quarter. Operose Advisors LLC now owns 188 shares of the company’s stock valued at $39,000 after purchasing an additional 61 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 8.1%

Shares of BATS MTUM opened at $225.97 on Friday. The business has a 50-day moving average price of $207.28 and a 200 day moving average price of $211.54. The stock has a market cap of $16.47 billion, a PE ratio of 28.96 and a beta of 1.00. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $231.39.

About iShares MSCI USA Momentum Factor ETF

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.