Spirit of America Management Corp NY Has $187,000 Position in iShares MSCI USA Momentum Factor ETF $MTUM

Spirit of America Management Corp NY reduced its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 780 shares of the company’s stock after selling 85 shares during the quarter. Spirit of America Management Corp NY’s holdings in iShares MSCI USA Momentum Factor ETF were worth $187,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Teamwork Financial Advisors LLC increased its position in iShares MSCI USA Momentum Factor ETF by 2.6% during the 2nd quarter. Teamwork Financial Advisors LLC now owns 1,709 shares of the company’s stock valued at $411,000 after purchasing an additional 44 shares during the period. Trust Co. of Vermont boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 13.9% in the 1st quarter. Trust Co. of Vermont now owns 411 shares of the company’s stock valued at $83,000 after purchasing an additional 50 shares during the last quarter. Vantage Point Financial LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 2.2% during the second quarter. Vantage Point Financial LLC now owns 2,368 shares of the company’s stock worth $569,000 after buying an additional 51 shares during the period. CENTRAL TRUST Co raised its stake in iShares MSCI USA Momentum Factor ETF by 10.4% during the first quarter. CENTRAL TRUST Co now owns 572 shares of the company’s stock worth $116,000 after buying an additional 54 shares during the last quarter. Finally, Private Advisory Group LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 1.3% during the first quarter. Private Advisory Group LLC now owns 4,530 shares of the company’s stock worth $916,000 after buying an additional 57 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 21.0%

Shares of MTUM opened at $252.87 on Friday. The stock has a market capitalization of $18.46 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm’s fifty day simple moving average is $250.24 and its two-hundred day simple moving average is $233.03. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99.

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.