iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Stock Position Trimmed by Guerra Pan Advisors LLC

Guerra Pan Advisors LLC trimmed its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,180 shares of the company’s stock after selling 59 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 2.9% of Guerra Pan Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Guerra Pan Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,686,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MTUM. Fortitude Family Office LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% in 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 during the last quarter. Abich Financial Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter worth about $33,000. Signaturefd LLC boosted its position 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 buying an additional 155 shares during the period. Wellington Shields & Co. LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $42,000. Finally, Capital Performance Advisors LLP bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $43,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $213.84 on Friday. The stock has a 50 day moving average price of $202.10 and a 200 day moving average price of $194.40. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60. The firm has a market capitalization of $11.58 billion, a P/E 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.