Dorsey Wright & Associates Lowers Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Dorsey Wright & Associates reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,929 shares of the company’s stock after selling 166 shares during the quarter. Dorsey Wright & Associates’ holdings in iShares MSCI USA Momentum Factor ETF were worth $2,468,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MTUM. Stage Harbor Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $242,000. Intrust Bank NA boosted its stake in iShares MSCI USA Momentum Factor ETF by 25.0% during the fourth quarter. Intrust Bank NA now owns 54,651 shares of the company’s stock valued at $11,308,000 after buying an additional 10,943 shares during the period. Biondo Investment Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 3.6% during the fourth quarter. Biondo Investment Advisors LLC now owns 13,276 shares of the company’s stock valued at $2,747,000 after buying an additional 459 shares during the period. Maridea Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $210,000. Finally, Orion Portfolio Solutions LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 747.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 25,689 shares of the company’s stock worth $5,316,000 after acquiring an additional 22,657 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 3.9 %

BATS:MTUM opened at $200.78 on Friday. The stock has a market cap of $13.80 billion, a P/E ratio of 27.42 and a beta of 0.99. The business’s 50-day moving average price is $214.93 and its two-hundred day moving average price is $210.55. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month 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.