Fortress Wealth Management Inc. Lowers Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Fortress Wealth Management Inc. cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,943 shares of the company’s stock after selling 211 shares during the quarter. Fortress Wealth Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTUM. GAMMA Investing LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth $29,000. Mather Group LLC. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $80,000. RFG Advisory LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth about $700,000. &PARTNERS purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $236,000. Finally, Anderson Hoagland & Co. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 6.8% during the first quarter. Anderson Hoagland & Co. now owns 23,045 shares of the company’s stock worth $4,267,000 after purchasing an additional 1,477 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.3 %

BATS MTUM traded up $0.68 during trading hours on Friday, reaching $209.33. The company’s stock had a trading volume of 293,565 shares. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm’s 50-day moving average price is $198.52 and its 200-day moving average price is $191.82.

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.