Eight 31 Financial LLC lessened its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 5.7% in the fourth quarter, Holdings Channel reports. The firm owned 1,246 shares of the company’s stock after selling 75 shares during the period. Eight 31 Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $258,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Johnson Financial Group Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 46.3% in the 4th quarter. Johnson Financial Group Inc. now owns 1,820 shares of the company’s stock worth $399,000 after acquiring an additional 576 shares during the period. Coldstream Capital Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $238,000. Capital Analysts LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $2,041,000. Two Sigma Securities LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $1,002,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $216,000.
iShares MSCI USA Momentum Factor ETF Price Performance
BATS:MTUM opened at $206.95 on Friday. The firm has a 50-day moving average of $203.06 and a two-hundred day moving average of $209.60. The stock has a market cap of $14.29 billion, a P/E ratio of 26.98 and a beta of 1.00. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $229.77.
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.
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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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