Family Asset Management LLC Lowers Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Family Asset Management LLC reduced its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 50.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,329 shares of the company’s stock after selling 2,388 shares during the period. Family Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $365,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sound Income Strategies LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 281.5% during the 4th quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock worth $39,000 after buying an additional 183 shares in the last quarter. Baker Avenue Asset Management LP increased its position in shares of iShares MSCI USA Momentum Factor ETF by 46.8% during the third quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock worth $39,000 after purchasing an additional 89 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $41,000. Provence Wealth Management Group acquired a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $54,000. Finally, Signature Resources Capital Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $74,000.

iShares MSCI USA Momentum Factor ETF Stock Down 0.1 %

Shares of iShares MSCI USA Momentum Factor ETF stock traded down $0.11 during trading hours on Wednesday, reaching $183.65. 1,636,421 shares of the company’s stock were exchanged. The business has a fifty day moving average of $183.59 and a two-hundred day moving average of $166.75. The company has a market capitalization of $9.94 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year 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.