Collaborative Wealth Managment Inc. Reduces Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Collaborative Wealth Managment Inc. cut its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,344 shares of the company’s stock after selling 111 shares during the quarter. Collaborative Wealth Managment Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of MTUM. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $574,824,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5,196.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock worth $142,658,000 after purchasing an additional 676,419 shares during the period. Park Avenue Securities LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1,055.4% during the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after acquiring an additional 463,387 shares during the period. Janney Montgomery Scott LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 140.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock valued at $87,961,000 after acquiring an additional 248,600 shares during the period. Finally, Citigroup Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1,266.9% during the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after acquiring an additional 234,524 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $202.19 on Friday. The business has a 50-day moving average of $216.02 and a 200 day moving average of $209.64. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $229.77. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 27.42 and a beta of 0.99.

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.