Oppenheimer & Co. Inc. cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,097 shares of the company’s stock after selling 6,976 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $26,307,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $25,000. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $26,000. TFC Financial Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $28,000. Finally, United Financial Planning Group LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $28,000.
iShares MSCI USA Momentum Factor ETF Stock Up 2.3%
MTUM stock opened at $283.98 on Friday. The firm has a market cap of $20.73 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a 50 day moving average of $255.43 and a 200-day moving average of $253.40. iShares MSCI USA Momentum Factor ETF has a 12-month low of $211.00 and a 12-month high of $284.48.
iShares MSCI USA Momentum Factor ETF 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
Further Reading
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