Baker Boyer National Bank Has $1.50 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Baker Boyer National Bank trimmed its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,235 shares of the company’s stock after selling 305 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 0.5% of Baker Boyer National Bank’s holdings, making the stock its 19th largest holding. Baker Boyer National Bank’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,497,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% in the 4th quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock worth $104,969,000 after purchasing an additional 463,387 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 140.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock valued at $87,961,000 after purchasing an additional 248,600 shares during the period. Citigroup Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,266.9% in the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock valued at $51,305,000 after purchasing an additional 234,524 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 245.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock valued at $46,564,000 after purchasing an additional 159,916 shares during the period. Finally, Sanctuary Advisors LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 455.1% in the third quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock valued at $33,952,000 after acquiring an additional 129,521 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $216.29 on Wednesday. The stock’s 50-day simple moving average is $212.94 and its 200 day simple moving average is $203.47. The company has a market cap of $11.71 billion, a P/E ratio of 18.53 and a beta of 1.10. 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 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.