New Millennium Group LLC Lowers Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

New Millennium Group LLC reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,381 shares of the company’s stock after selling 101 shares during the quarter. New Millennium Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTUM. Clear Creek Financial Management LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.7% in the 4th quarter. Clear Creek Financial Management LLC now owns 6,360 shares of the company’s stock valued at $1,316,000 after purchasing an additional 286 shares in the last quarter. Swmg LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 9.3% during the fourth quarter. Swmg LLC now owns 14,905 shares of the company’s stock valued at $3,309,000 after buying an additional 1,263 shares in the last quarter. Caprock Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $2,264,000. Arcadia Wealth Management LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the fourth quarter. Arcadia Wealth Management LLC now owns 1,237 shares of the company’s stock worth $256,000 after acquiring an additional 107 shares in the last quarter. Finally, Capital Investment Advisory Services LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.0% in the 4th quarter. Capital Investment Advisory Services LLC now owns 10,373 shares of the company’s stock valued at $2,146,000 after acquiring an additional 103 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 4.9 %

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $219.20 on Friday. The company has a fifty day moving average price of $213.31 and a 200 day moving average price of $203.79. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The stock has a market cap of $11.87 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.