Lee Financial Co reduced its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 4.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,042 shares of the company’s stock after selling 200 shares during the period. Lee Financial Co’s holdings in iShares MSCI USA Momentum Factor ETF were worth $836,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of MTUM. Gries Financial LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.6% in the fourth quarter. Gries Financial LLC now owns 3,066 shares of the company’s stock valued at $634,000 after buying an additional 48 shares during the period. LongView Wealth Management raised its position in iShares MSCI USA Momentum Factor ETF by 2.0% in the fourth quarter. LongView Wealth Management now owns 2,729 shares of the company’s stock worth $565,000 after acquiring an additional 54 shares in the last quarter. MGB Wealth Management LLC raised its position in iShares MSCI USA Momentum Factor ETF by 7.7% in the fourth quarter. MGB Wealth Management LLC now owns 788 shares of the company’s stock worth $163,000 after acquiring an additional 56 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.8% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 1,084 shares of the company’s stock valued at $224,000 after purchasing an additional 59 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,676 shares of the company’s stock worth $340,000 after purchasing an additional 63 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
BATS MTUM opened at $228.40 on Friday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The company has a market capitalization of $12.37 billion, a P/E ratio of 18.53 and a beta of 1.10. The company’s 50 day simple moving average is $215.19 and its 200 day simple moving average is $206.38.
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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