Teamwork Financial Advisors LLC Reduces Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Teamwork Financial Advisors LLC reduced its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,257 shares of the company’s stock after selling 103 shares during the period. Teamwork Financial Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $458,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MTUM. Mercer Global Advisors Inc. ADV boosted its stake in iShares MSCI USA Momentum Factor ETF by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock worth $1,463,815,000 after purchasing an additional 213,637 shares during the period. Blue Trust Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 20.1% in the first quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock valued at $232,257,000 after acquiring an additional 207,306 shares during the period. Symmetry Partners LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 62.7% in the second quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock valued at $105,479,000 after acquiring an additional 208,691 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 6.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 390,151 shares of the company’s stock valued at $76,029,000 after acquiring an additional 22,091 shares in the last quarter. Finally, Arizona PSPRS Trust purchased a new position in iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $69,276,000.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $208.65 on Friday. The company’s 50 day simple moving average is $198.03 and its two-hundred day simple moving average is $191.67. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The stock has a market capitalization of $11.30 billion, a PE ratio of 18.53 and a beta of 1.10.

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.