Western Wealth Management LLC cut its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 83.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,934 shares of the company’s stock after selling 9,556 shares during the period. Western Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $400,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Vontobel Holding Ltd. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $432,000. Kingsview Wealth Management LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 17.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock valued at $275,000 after purchasing an additional 202 shares in the last quarter. Snowden Capital Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 297.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 16,347 shares of the company’s stock worth $3,383,000 after purchasing an additional 12,236 shares during the last quarter. Summit X LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,416.6% during the 4th quarter. Summit X LLC now owns 22,142 shares of the company’s stock worth $4,582,000 after purchasing an additional 20,682 shares in the last quarter. Finally, Fullcircle Wealth LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $506,000.
iShares MSCI USA Momentum Factor ETF Trading Up 8.1%
BATS MTUM opened at $225.97 on Friday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $231.39. The stock has a 50 day moving average of $207.28 and a 200-day moving average of $211.54. The company has a market cap of $16.47 billion, a PE ratio of 28.96 and a beta of 1.00.
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.
Recommended Stories
- Five stocks we like better than iShares MSCI USA Momentum Factor ETF
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Pfizer’s 7.5% Dividend: Income Haven or House of Cards?
- 3 Healthcare Dividend Stocks to Buy
- 3 Trades Members of Congress Are Making Right Now
- Why Are These Companies Considered Blue Chips?
- TJX Stock Price Stumble Is Your Chance to Pick Up a Bargain
Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
Receive News & Ratings for iShares MSCI USA Momentum Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI USA Momentum Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
