Silver Oak Securities Incorporated Sells 4,060 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Silver Oak Securities Incorporated cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 52.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,631 shares of the company’s stock after selling 4,060 shares during the quarter. Silver Oak Securities Incorporated’s holdings in iShares MSCI USA Momentum Factor ETF were worth $755,000 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 the company. Fortitude Family Office LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% in the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after purchasing an additional 113 shares during the period. Signaturefd LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after buying an additional 155 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after buying an additional 188 shares during the period. Capital Performance Advisors LLP purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $43,000. Finally, AdvisorNet Financial Inc raised its holdings in iShares MSCI USA Momentum Factor ETF by 51.4% during the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after acquiring an additional 74 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 7.6 %

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $224.81 on Friday. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The stock’s 50-day simple moving average is $213.96 and its 200-day simple moving average is $204.69. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60.

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.