Kings Path Partners LLC Lowers Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Kings Path Partners LLC decreased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 45.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 229 shares of the company’s stock after selling 191 shares during the quarter. Kings Path Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $47,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after acquiring an additional 113 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $33,000. Signaturefd LLC boosted its stake 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 valued at $33,000 after purchasing an additional 155 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $43,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the second quarter worth approximately $48,000.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM traded up $3.28 during midday trading on Monday, hitting $211.26. 794,967 shares of the company traded hands. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The company’s 50-day simple moving average is $210.97 and its 200-day simple moving average is $201.51. The company has a market cap of $11.44 billion, a PE ratio of 18.53 and a beta of 1.10.

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.