Abound Wealth Management Sells 102 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Abound Wealth Management lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 42.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137 shares of the company’s stock after selling 102 shares during the period. Abound Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $33,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $29,000. Compass Wealth Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $30,000. Cornerstone Planning Group LLC lifted its stake 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 valued at $30,000 after buying an additional 87 shares during the period. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $33,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $256.94 on Friday. The firm has a 50-day simple moving average of $244.55 and a 200 day simple moving average of $226.04. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The stock has a market cap of $18.76 billion, a PE ratio of 28.67 and a beta of 1.02.

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.