Invst LLC lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 67.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 28,588 shares of the company’s stock after selling 58,355 shares during the quarter. Invst LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,156,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Triumph Capital Management purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $25,000. Dagco Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $26,000. Finally, United Financial Planning Group LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $28,000.
iShares MSCI USA Momentum Factor ETF Trading Down 6.0%
Shares of MTUM opened at $306.47 on Friday. The company has a market cap of $22.37 billion, a PE ratio of 28.67 and a beta of 1.02. The stock has a 50-day moving average price of $283.55 and a 200-day moving average price of $262.53. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.29 and a 12-month high of $331.49.
iShares MSCI USA Momentum Factor ETF Company 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.
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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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