Traction Financial Partners LLC Trims Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Traction Financial Partners LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 22.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,166 shares of the company’s stock after selling 333 shares during the quarter. Traction Financial Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $236,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MTUM. Duncker Streett & Co. Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $25,000. Mascagni Wealth Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $29,000. Murphy & Mullick Capital Management Corp bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $30,000. Mainstream Capital Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $31,000. Finally, Sunbelt Securities Inc. increased its stake 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 worth $34,000 after acquiring an additional 135 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $231.38 on Wednesday. The company has a 50-day moving average of $213.75 and a 200 day moving average of $213.33. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 28.96 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $234.78.

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.