Eldridge Investment Advisors Inc. Sells 68 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Eldridge Investment Advisors Inc. lessened its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,082 shares of the company’s stock after selling 68 shares during the period. Eldridge Investment Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTUM. Raymond James Financial Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $574,824,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5,196.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock worth $142,658,000 after buying an additional 676,419 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of 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 buying an additional 463,387 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings 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 worth $87,961,000 after buying an additional 248,600 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% in the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock worth $51,305,000 after buying an additional 234,524 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $202.19 on Friday. The company’s fifty day moving average price is $216.02 and its 200-day moving average price is $209.64. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $229.77.

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.