Hanlon Investment Management Inc. Decreases Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Hanlon Investment Management Inc. cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,892 shares of the company’s stock after selling 62 shares during the period. Hanlon Investment Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $586,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MTUM. United Advisor Group LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 141.4% during the 3rd quarter. United Advisor Group LLC now owns 3,423 shares of the company’s stock valued at $694,000 after acquiring an additional 2,005 shares during the period. World Equity Group Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $294,000. QRG Capital Management Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 37.4% during the 3rd quarter. QRG Capital Management Inc. now owns 5,488 shares of the company’s stock valued at $1,113,000 after acquiring an additional 1,495 shares during the period. Lodestone Wealth Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 31.5% during the 3rd quarter. Lodestone Wealth Management LLC now owns 6,893 shares of the company’s stock valued at $1,398,000 after acquiring an additional 1,650 shares during the period. Finally, Empire Life Investments Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 3rd quarter. Empire Life Investments Inc. now owns 9,400 shares of the company’s stock valued at $1,906,000 after acquiring an additional 400 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $201.32 on Tuesday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The company has a market capitalization of $10.90 billion, a P/E ratio of 18.53 and a beta of 1.10. The company has a fifty day moving average of $201.01 and a 200 day moving average of $193.58.

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.