MA Private Wealth Has $3.82 Million Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

MA Private Wealth reduced its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 72.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,817 shares of the company’s stock after selling 49,226 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for 0.7% of MA Private Wealth’s investment portfolio, making the stock its 22nd biggest holding. MA Private Wealth’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,815,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 0.8% in the first quarter. Physician Wealth Advisors Inc. now owns 7,927 shares of the company’s stock worth $1,440,000 after acquiring an additional 60 shares in the last quarter. Bogart Wealth LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 16.8% in the third quarter. Bogart Wealth LLC now owns 541 shares of the company’s stock worth $110,000 after purchasing an additional 78 shares in the last quarter. Regal Investment Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 3.3% in the second quarter. Regal Investment Advisors LLC now owns 2,652 shares of the company’s stock worth $517,000 after purchasing an additional 85 shares in the last quarter. Shore Point Advisors LLC increased its position in iShares MSCI USA Momentum Factor ETF by 1.9% during the third quarter. Shore Point Advisors LLC now owns 4,731 shares of the company’s stock worth $959,000 after buying an additional 86 shares during the last quarter. Finally, Marino Stram & Associates LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 1.6% during the third quarter. Marino Stram & Associates LLC now owns 5,718 shares of the company’s stock valued at $1,159,000 after buying an additional 91 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM traded down $0.61 during trading hours on Friday, hitting $206.97. 308,758 shares of the company were exchanged. The firm’s 50 day moving average is $199.94 and its 200-day moving average is $192.42. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The company has a market cap of $11.21 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.