SteelPeak Wealth LLC decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 3.8% in the 1st quarter, HoldingsChannel reports. The firm owned 77,484 shares of the company’s stock after selling 3,095 shares during the quarter. SteelPeak Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $18,595,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of MTUM. Dagco Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $25,000. Triumph Capital Management acquired a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter worth about $25,000. Cary Street Partners Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC bought a new position in 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 iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Down 3.0%
iShares MSCI USA Momentum Factor ETF stock opened at $303.41 on Friday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The stock has a market cap of $22.15 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company’s 50-day moving average price is $317.44 and its two-hundred day moving average price is $277.95.
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.
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