Mendel Money Management Trims Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Mendel Money Management reduced its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,735 shares of the company’s stock after selling 77 shares during the period. Mendel Money Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $359,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MTUM. Raymond James Financial Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $574,824,000. LPL Financial LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 215.4% in the 4th quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock worth $404,454,000 after purchasing an additional 1,334,851 shares during the period. Assetmark Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.4% during the 4th quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock worth $362,297,000 after acquiring an additional 57,922 shares during the last quarter. Blue Trust Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 7.2% during the fourth quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock valued at $253,541,000 after purchasing an additional 81,918 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.7% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 995,986 shares of the company’s stock worth $206,089,000 after purchasing an additional 35,468 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $210.93 on Wednesday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $229.77. The company has a fifty day moving average of $215.49 and a 200 day moving average of $210.39. The company has a market capitalization of $14.50 billion, a P/E ratio of 27.42 and a beta of 0.99.

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.