Marino Stram & Associates LLC Sells 652 Shares of iShares Edge MSCI USA Momentum Factor ETF (BATS:MTUM)

Marino Stram & Associates LLC trimmed its holdings in shares of iShares Edge MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 8,059 shares of the company’s stock after selling 652 shares during the quarter. iShares Edge MSCI USA Momentum Factor ETF accounts for approximately 0.7% of Marino Stram & Associates LLC’s portfolio, making the stock its 27th biggest holding. Marino Stram & Associates LLC’s holdings in iShares Edge MSCI USA Momentum Factor ETF were worth $904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTUM. Bank of New York Mellon Corp grew its position in iShares Edge MSCI USA Momentum Factor ETF by 3.8% during the third quarter. Bank of New York Mellon Corp now owns 35,510 shares of the company’s stock valued at $4,226,000 after buying an additional 1,304 shares during the period. Westside Investment Management Inc. bought a new stake in iShares Edge MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $97,000. Parallel Advisors LLC grew its position in iShares Edge MSCI USA Momentum Factor ETF by 287.2% during the fourth quarter. Parallel Advisors LLC now owns 12,488 shares of the company’s stock valued at $1,251,000 after buying an additional 9,263 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its position in iShares Edge MSCI USA Momentum Factor ETF by 17.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,385 shares of the company’s stock valued at $540,000 after buying an additional 790 shares during the period. Finally, Symmetry Partners LLC grew its position in iShares Edge MSCI USA Momentum Factor ETF by 5.8% during the fourth quarter. Symmetry Partners LLC now owns 130,915 shares of the company’s stock valued at $13,122,000 after buying an additional 7,146 shares during the period.

BATS MTUM traded up $0.24 during trading hours on Wednesday, hitting $117.97. 124,960 shares of the company’s stock traded hands. iShares Edge MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60.

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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 Edge MSCI USA Momentum Factor ETF (BATS:MTUM).

Institutional Ownership by Quarter for iShares Edge MSCI USA Momentum Factor ETF (BATS:MTUM)

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