Journey Advisory Group LLC decreased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 6.2% in the second quarter, Holdings Channel reports. The institutional investor owned 66,160 shares of the company’s stock after selling 4,400 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 1.2% of Journey Advisory Group LLC’s portfolio, making the stock its 19th largest position. Journey Advisory Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $15,900,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTUM. Bison Wealth LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the period. Johnson Investment Counsel Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the first quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock valued at $364,000 after purchasing an additional 67 shares during the period. Inlight Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $106,000. Synergy Asset Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 246,525.0% in the first quarter. Synergy Asset Management LLC now owns 9,865 shares of the company’s stock valued at $1,994,000 after purchasing an additional 9,861 shares during the period. Finally, Aspire Capital Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $989,000.
iShares MSCI USA Momentum Factor ETF Stock Up 21.0%
Shares of BATS MTUM opened at $252.87 on Monday. The company’s 50-day simple moving average is $250.24 and its 200-day simple moving average is $233.23. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The firm has a market cap of $18.46 billion, a price-to-earnings 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.
See Also
- Five stocks we like better than iShares MSCI USA Momentum Factor ETF
- A Deeper Look at Bid-Ask Spreads
- JPMorgan Crushes Q3; But Is the Steady Eddy Stock Hitting A Wall?
- Best Aerospace Stocks Investing
- Snap-on Incorporated: Snap It Up Quick, New Highs Will Come Soon
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- As Global Renewables Surpass Coal, This ETF Offers Smart Exposure
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.
