BCU Wealth Advisors LLC Sells 766 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

BCU Wealth Advisors LLC decreased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 25.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,230 shares of the company’s stock after selling 766 shares during the period. BCU Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $432,000. GAMMA Investing LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 17,512.3% during the first quarter. GAMMA Investing LLC now owns 30,117 shares of the company’s stock worth $6,088,000 after acquiring an additional 29,946 shares during the last quarter. Snowden Capital Advisors LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 297.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 16,347 shares of the company’s stock valued at $3,383,000 after acquiring an additional 12,236 shares during the period. Summit X LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1,416.6% in the fourth quarter. Summit X LLC now owns 22,142 shares of the company’s stock valued at $4,582,000 after acquiring an additional 20,682 shares during the last quarter. Finally, Fullcircle Wealth LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $506,000.

iShares MSCI USA Momentum Factor ETF Trading Up 10.8%

Shares of BATS:MTUM opened at $231.63 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $234.78. The stock has a market capitalization of $16.98 billion, a P/E ratio of 28.96 and a beta of 1.02. The business has a 50-day moving average price of $217.78 and a two-hundred day moving average price of $213.78.

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.