iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Scarborough Advisors LLC

Scarborough Advisors LLC reduced its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.9% during the 1st quarter, Holdings Channel reports. The fund owned 66,962 shares of the company’s stock after selling 7,360 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up approximately 1.8% of Scarborough Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Scarborough Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $16,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTUM. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $25,000. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $25,000. Dagco Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $26,000. Finally, Financial Network Wealth Advisors LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after buying an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $302.09 on Monday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The company’s 50 day moving average price is $317.45 and its 200 day moving average price is $278.29. The firm has a market capitalization of $22.05 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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