Rede Wealth LLC Lowers Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Rede Wealth LLC cut its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,344 shares of the company’s stock after selling 63 shares during the quarter. Rede Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $278,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Park Avenue Securities LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1,055.4% in the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after acquiring an additional 463,387 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 140.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock valued at $87,961,000 after buying an additional 248,600 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% during the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after buying an additional 234,524 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 245.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock valued at $46,564,000 after buying an additional 159,916 shares in the last quarter. Finally, JB Capital LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $32,997,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $224.81 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The company’s 50-day moving average is $214.13 and its 200 day moving average is $204.90. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

About iShares MSCI USA Momentum Factor ETF

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.