Ergawealth Advisors Inc. Cuts Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Ergawealth Advisors Inc. cut its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,014 shares of the company’s stock after selling 337 shares during the period. Ergawealth Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $417,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gries Financial LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1.6% in the 4th quarter. Gries Financial LLC now owns 3,066 shares of the company’s stock worth $634,000 after acquiring an additional 48 shares during the last quarter. LongView Wealth Management increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.0% in the 4th quarter. LongView Wealth Management now owns 2,729 shares of the company’s stock worth $565,000 after purchasing an additional 54 shares in the last quarter. MGB Wealth Management LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.7% in the fourth quarter. MGB Wealth Management LLC now owns 788 shares of the company’s stock worth $163,000 after purchasing an additional 56 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.8% during the fourth quarter. D.A. Davidson & CO. now owns 7,498 shares of the company’s stock valued at $1,551,000 after purchasing an additional 57 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.8% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,084 shares of the company’s stock valued at $224,000 after buying an additional 59 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $214.44 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The stock has a 50-day moving average of $216.96 and a 200 day moving average of $208.73. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 28.87 and a beta of 0.98.

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.