Opes Wealth Management LLC Sells 221 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Opes Wealth Management LLC lowered its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,270 shares of the company’s stock after selling 221 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 1.8% of Opes Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. Opes Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,540,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Csenge Advisory Group lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 26.6% during the 4th quarter. Csenge Advisory Group now owns 27,636 shares of the company’s stock worth $5,718,000 after buying an additional 5,814 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.6% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 6,975 shares of the company’s stock worth $1,443,000 after purchasing an additional 178 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $217,000. Allworth Financial LP increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.4% during the 4th quarter. Allworth Financial LP now owns 9,742 shares of the company’s stock worth $2,163,000 after purchasing an additional 132 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 252.9% during the 4th quarter. Principal Securities Inc. now owns 12,850 shares of the company’s stock worth $2,659,000 after purchasing an additional 9,209 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 9.3 %

Shares of MTUM stock opened at $228.40 on Friday. The company has a 50 day moving average of $215.19 and a 200-day moving average of $206.38. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The firm has a market cap of $12.37 billion, a P/E 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.