1900 Wealth Management LLC Sells 3,444 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

1900 Wealth Management LLC cut its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 134,724 shares of the company’s stock after selling 3,444 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 2.3% of 1900 Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. 1900 Wealth Management LLC owned about 0.25% of iShares MSCI USA Momentum Factor ETF worth $27,877,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its position 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 valued at $104,969,000 after acquiring an additional 463,387 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 140.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock valued at $87,961,000 after purchasing an additional 248,600 shares during the last quarter. Citigroup Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% in the third quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after purchasing an additional 234,524 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 245.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock worth $46,564,000 after purchasing an additional 159,916 shares during the last quarter. Finally, JB Capital LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $32,997,000.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $226.03 on Friday. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm’s fifty day moving average price is $213.74 and its 200 day moving average price is $204.54. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60.

iShares MSCI USA Momentum Factor ETF Company 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.