Blue Rock Wealth Management LLC Sells 294 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Blue Rock Wealth Management LLC lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,518 shares of the company’s stock after selling 294 shares during the quarter. Blue Rock Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $913,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth about $26,000. Mascagni Wealth Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $29,000. Compass Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth $30,000. Cornerstone Planning Group LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after acquiring an additional 87 shares during the period. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter valued at $33,000.

iShares MSCI USA Momentum Factor ETF Stock Up 18.9%

Shares of MTUM stock opened at $248.40 on Wednesday. The firm has a market cap of $18.13 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a 50-day moving average price of $241.89 and a two-hundred day moving average price of $224.05. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99.

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.