OVERSEA CHINESE BANKING Corp Ltd Sells 5,033 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

OVERSEA CHINESE BANKING Corp Ltd lessened its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 56,981 shares of the company’s stock after selling 5,033 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned 0.11% of iShares MSCI USA Momentum Factor ETF worth $11,791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Aviance Capital Partners LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $203,000. Strategy Asset Managers LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $211,000. Portfolio Design Labs LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $1,687,000. Tradewinds LLC. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% in the third quarter. Tradewinds LLC. now owns 10,333 shares of the company’s stock valued at $2,095,000 after purchasing an additional 2,047 shares in the last quarter. Finally, LPL Financial LLC raised its position 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 during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $200.22 on Wednesday. The business’s fifty day moving average price is $215.65 and its two-hundred day moving average price is $209.84. The firm has a market capitalization of $13.77 billion, a price-to-earnings ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $229.77.

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.