iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,557 shares of the company’s stock after selling 1,102 shares during the quarter. Harbour Investments Inc. owned 0.06% of iShares MSCI USA Momentum Factor ETF worth $7,150,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $574,824,000. Assetmark Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.4% during the fourth quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock worth $362,297,000 after purchasing an additional 57,922 shares during the period. Blue Trust Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.2% during the fourth quarter. Blue Trust Inc. now owns 1,225,308 shares of the company’s stock worth $253,541,000 after purchasing an additional 81,918 shares during the period. Cerity Partners LLC lifted its holdings in shares of 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 purchasing an additional 26,235 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.7% during the fourth 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.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $202.19 on Friday. The stock has a fifty day moving average price of $216.02 and a 200 day moving average price of $209.64. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $229.77. The company has a market cap of $13.90 billion, a PE ratio of 27.42 and a beta of 0.99.

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.