Sollinda Capital Management LLC Has $1.49 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Sollinda Capital Management LLC lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 29.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,945 shares of the company’s stock after selling 2,459 shares during the period. Sollinda Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,488,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MTUM. Dagco Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $25,000. TFC Financial Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $28,000. United Financial Planning Group LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $28,000. Finally, Howe & Rusling Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 425.0% during the third quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after acquiring an additional 102 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 2.1%

iShares MSCI USA Momentum Factor ETF stock opened at $230.77 on Tuesday. The business’s 50-day simple moving average is $250.34 and its 200 day simple moving average is $251.65. The stock has a market cap of $16.85 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $171.51 and a 12-month high of $262.10.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.