Sagespring Wealth Partners LLC Has $15.75 Million Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Sagespring Wealth Partners LLC lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 68.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,903 shares of the company’s stock after selling 168,831 shares during the period. Sagespring Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $15,747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vontobel Holding Ltd. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $432,000. PUREfi Wealth LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $208,000. Aveo Capital Partners LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $329,000. Lakeridge Wealth Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $225,000. Finally, Principal Securities Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 252.9% in the 4th quarter. Principal Securities Inc. now owns 12,850 shares of the company’s stock valued at $2,659,000 after purchasing an additional 9,209 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $229.98 on Monday. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 28.96 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $234.78. The business’s 50-day moving average is $216.76 and its 200-day moving average is $213.67.

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.