Perissos Private Wealth Management LLC Lowers Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Perissos Private Wealth Management LLC lowered its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,723 shares of the company’s stock after selling 90 shares during the period. Perissos Private Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $564,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MTUM. Assetmark Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the 3rd quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock worth $343,269,000 after buying an additional 72,891 shares during the period. Cerity Partners LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 2.5% during the third quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock worth $217,745,000 after acquiring an additional 26,235 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 995,986 shares of the company’s stock worth $206,089,000 after purchasing an additional 35,468 shares during the period. FMR LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 12.2% in the 3rd quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after purchasing an additional 73,442 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.0% during the 3rd quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock worth $125,668,000 after purchasing an additional 11,968 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $225.91 on Wednesday. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The company’s 50 day moving average price is $214.37 and its 200 day moving average price is $205.39.

About iShares MSCI USA Momentum Factor ETF

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.