Chapin Davis Inc. Decreases Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Chapin Davis Inc. decreased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,990 shares of the company’s stock after selling 210 shares during the period. Chapin Davis Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MTUM. International Assets Investment Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $17,092,000. Tennessee Valley Asset Management Partners lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.7% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 22,267 shares of the company’s stock worth $3,494,000 after acquiring an additional 798 shares in the last quarter. Simplicity Solutions LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $572,000. J.W. Cole Advisors Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 10,592 shares of the company’s stock worth $1,662,000 after acquiring an additional 317 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.3% in the fourth quarter. CWM LLC now owns 1,134,217 shares of the company’s stock worth $177,947,000 after acquiring an additional 96,845 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM traded down $0.17 during trading on Friday, hitting $194.87. The company’s stock had a trading volume of 433,403 shares. 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 stock’s 50-day moving average price is $192.39 and its two-hundred day moving average price is $186.40. The company has a market capitalization of $10.55 billion, a PE ratio of 18.53 and a beta of 1.10.

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.