Moulton Wealth Management Inc. Sells 2,034 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Moulton Wealth Management Inc. cut its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 37.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,385 shares of the company’s stock after selling 2,034 shares during the period. Moulton Wealth Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC increased its stake in 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. Signaturefd LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% in the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after purchasing an additional 155 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in iShares MSCI USA Momentum Factor ETF during the third quarter valued at $43,000.

iShares MSCI USA Momentum Factor ETF Trading Up 4.0 %

MTUM opened at $217.36 on Monday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The stock has a 50-day moving average of $211.85 and a 200 day moving average of $202.60. The firm has a market cap of $11.77 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.