Tanglewood Legacy Advisors LLC Sells 50 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Tanglewood Legacy Advisors LLC cut its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 307 shares of the company’s stock after selling 50 shares during the period. Tanglewood Legacy Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the business. Fortitude Family Office LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after acquiring an additional 113 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after acquiring an additional 188 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter valued at $43,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after buying an additional 74 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $228.40 on Friday. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm’s 50 day simple moving average is $215.19 and its 200-day simple moving average is $206.38. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60.

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.