Spirit of America Management Corp NY Sells 85 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Spirit of America Management Corp NY decreased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 780 shares of the company’s stock after selling 85 shares during the period. Spirit of America Management Corp NY’s holdings in iShares MSCI USA Momentum Factor ETF were worth $187,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $26,000. Compass Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $30,000. Cornerstone Planning Group LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after buying an additional 87 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 262.2% in the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after purchasing an additional 118 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 45.0% during the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock valued at $52,000 after purchasing an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $252.87 on Friday. The company has a market capitalization of $18.46 billion, a P/E ratio of 28.67 and a beta of 1.02. The company’s 50-day moving average is $250.24 and its 200 day moving average is $233.03. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99.

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.