Brookstone Capital Management reduced its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,261 shares of the company’s stock after selling 2,265 shares during the period. Brookstone Capital Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,702,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Triumph Capital Management bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $25,000. Dagco Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $26,000. Finally, Financial Network Wealth Advisors LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
BATS MTUM opened at $345.22 on Tuesday. The stock has a market capitalization of $25.20 billion, a PE ratio of 28.67 and a beta of 1.02. The business has a 50 day simple moving average of $301.24 and a two-hundred day simple moving average of $268.97. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59.
iShares MSCI USA Momentum Factor ETF Company 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.
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