State of Michigan Retirement System Cuts Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

State of Michigan Retirement System decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,290,890 shares of the company’s stock after selling 17,600 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.4% of State of Michigan Retirement System’s investment portfolio, making the stock its 11th largest holding. State of Michigan Retirement System’s holdings in iShares MSCI USA Momentum Factor ETF were worth $267,111,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after acquiring an additional 188 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $43,000. AdvisorNet Financial Inc grew its position in iShares MSCI USA Momentum Factor ETF by 51.4% in 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 in the last quarter. Finally, Realta Investment Advisors acquired a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $49,000.

iShares MSCI USA Momentum Factor ETF Stock Up 2.5 %

Shares of BATS:MTUM opened at $214.18 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60. The company has a 50 day moving average of $217.33 and a two-hundred day moving average of $209.36. The company has a market capitalization of $15.37 billion, a price-to-earnings ratio of 28.87 and a beta of 0.98.

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.