Mendel Money Management Trims Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Mendel Money Management lowered its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,536 shares of the company’s stock after selling 134 shares during the quarter. Mendel Money Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cullen Frost Bankers Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth about $26,000. Compass Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter worth about $30,000. Cornerstone Planning Group LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 140.3% in the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after purchasing an additional 87 shares during the period. Harbor Investment Advisory LLC grew its holdings 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 period. Finally, GAMMA Investing LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 45.0% in the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after purchasing an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $257.95 on Wednesday. The stock has a market cap of $18.83 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99. The firm’s 50-day simple moving average is $251.55 and its two-hundred day simple moving average is $236.94.

iShares MSCI USA Momentum Factor ETF Company 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.