Financial Engines Advisors L.L.C. Decreases Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Financial Engines Advisors L.L.C. reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,092 shares of the company’s stock after selling 162 shares during the period. Financial Engines Advisors L.L.C.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $847,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $574,824,000. LPL Financial LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 215.4% during the fourth quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock worth $404,454,000 after buying an additional 1,334,851 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5,196.8% during the fourth 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 in the last quarter. Park Avenue Securities LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% in the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after buying an additional 463,387 shares during the last quarter. Finally, Summit Rock Advisors LP purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $65,392,000.

iShares MSCI USA Momentum Factor ETF Trading Down 2.0 %

Shares of BATS MTUM opened at $204.86 on Friday. The stock has a market cap of $14.08 billion, a PE ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $229.77. The company has a 50-day moving average of $215.26 and a 200 day moving average of $210.32.

iShares MSCI USA Momentum Factor ETF 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.