Waverly Advisors LLC Decreases Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Waverly Advisors LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,841 shares of the company’s stock after selling 2,425 shares during the period. Waverly Advisors LLC owned about 0.10% of iShares MSCI USA Momentum Factor ETF worth $11,141,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $25,000. Murphy & Mullick Capital Management Corp purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $30,000. Mainstream Capital Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $31,000. Operose Advisors LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 48.0% during the 4th quarter. Operose Advisors LLC now owns 188 shares of the company’s stock worth $39,000 after buying an additional 61 shares during the last quarter. Finally, Realta Investment Advisors purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $49,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $230.05 on Wednesday. The company has a market capitalization of $16.77 billion, a price-to-earnings ratio of 28.96 and a beta of 1.00. The business has a 50-day moving average of $205.85 and a two-hundred day moving average of $211.17. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $231.39.

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.