Portfolio Design Labs LLC lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,793 shares of the company’s stock after selling 529 shares during the period. Portfolio Design Labs LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,613,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the stock. New Republic Capital LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $117,000. True Vision MN LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $1,978,000. Sovran Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $1,912,000. BostonPremier Wealth LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $261,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $89,000.
iShares MSCI USA Momentum Factor ETF Stock Performance
BATS MTUM opened at $225.91 on Wednesday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm’s 50 day moving average price is $214.37 and its two-hundred day moving average price is $205.39.
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.
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