iShares MSCI USA Momentum Factor ETF (BATS:MTUM) is Stonehearth Capital Management LLC’s 2nd Largest Position

Stonehearth Capital Management LLC reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,672 shares of the company’s stock after selling 1,822 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 14.7% of Stonehearth Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Stonehearth Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $36,557,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. MinichMacGregor Wealth Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the third quarter. MinichMacGregor Wealth Management LLC now owns 1,676 shares of the company’s stock valued at $340,000 after purchasing an additional 63 shares during the period. GDS Wealth Management increased its stake in iShares MSCI USA Momentum Factor ETF by 3.2% during the 3rd quarter. GDS Wealth Management now owns 2,099 shares of the company’s stock worth $426,000 after buying an additional 65 shares in the last quarter. Tyche Wealth Partners LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.7% in the third quarter. Tyche Wealth Partners LLC now owns 2,533 shares of the company’s stock valued at $514,000 after acquiring an additional 66 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 0.6% during the third quarter. Signature Estate & Investment Advisors LLC now owns 11,140 shares of the company’s stock worth $2,259,000 after purchasing an additional 66 shares in the last quarter. Finally, Eagle Strategies LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Eagle Strategies LLC now owns 3,024 shares of the company’s stock valued at $613,000 after purchasing an additional 77 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM traded up $0.64 during midday trading on Tuesday, hitting $211.90. The company’s stock had a trading volume of 794,199 shares. The company has a market cap of $11.47 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The business’s 50 day simple moving average is $211.06 and its 200 day simple moving average is $201.63.

iShares MSCI USA Momentum Factor ETF 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.