CFS Investment Advisory Services LLC Sells 77 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

CFS Investment Advisory Services LLC lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,357 shares of the company’s stock after selling 77 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,936,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTUM. Assetmark Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 4.5% during the 3rd quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock worth $343,269,000 after acquiring an additional 72,891 shares during the last quarter. Cerity Partners LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the 3rd quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock worth $217,745,000 after acquiring an additional 26,235 shares in the last quarter. FMR LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 12.2% in the 3rd quarter. FMR LLC now owns 674,367 shares of the company’s stock worth $136,735,000 after purchasing an additional 73,442 shares in the last quarter. LPL Financial LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 2.0% in the 3rd quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock worth $125,668,000 after purchasing an additional 11,968 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1,055.4% in the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after acquiring an additional 463,387 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $222.97 on Friday. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The stock has a 50-day moving average of $212.86 and a 200 day moving average of $203.33. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60.

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.