CFO4Life Group LLC Cuts Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

CFO4Life Group LLC trimmed its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,225 shares of the company’s stock after selling 1,710 shares during the period. iShares MSCI USA Momentum Factor ETF comprises about 2.2% of CFO4Life Group LLC’s holdings, making the stock its 9th largest position. CFO4Life Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $15,325,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MTUM. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $25,000. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at $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 $26,000. United Financial Planning Group LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter valued at $28,000. Finally, Howe & Rusling Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 425.0% in the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after buying an additional 102 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.5%

iShares MSCI USA Momentum Factor ETF stock opened at $303.60 on Friday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $223.47 and a 1-year high of $307.96. The firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm’s fifty day moving average price is $269.31 and its two-hundred day moving average price is $257.83.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.