iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Position Reduced by Donaldson Capital Management LLC

Donaldson Capital Management LLC cut its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,847 shares of the company’s stock after selling 1,111 shares during the quarter. Donaldson Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,244,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MTUM. Concurrent Investment Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 20.7% during the third quarter. Concurrent Investment Advisors LLC now owns 1,949 shares of the company’s stock valued at $395,000 after purchasing an additional 334 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $43,000. SpiderRock Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at about $739,000. GDS Wealth Management grew its stake in iShares MSCI USA Momentum Factor ETF by 3.2% in the third quarter. GDS Wealth Management now owns 2,099 shares of the company’s stock valued at $426,000 after purchasing an additional 65 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its stake in iShares MSCI USA Momentum Factor ETF by 21.2% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 62,014 shares of the company’s stock valued at $12,574,000 after purchasing an additional 10,831 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $195.71 on Tuesday. The business’s 50-day moving average price is $216.70 and its two-hundred day moving average price is $209.68. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $229.77. The company has a market capitalization of $14.04 billion, a P/E ratio of 28.87 and a beta of 0.98.

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.