Prudent Investors Network Inc. decreased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,312 shares of the company’s stock after selling 4,486 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 4.0% of Prudent Investors Network Inc.’s investment portfolio, making the stock its 9th largest holding. Prudent Investors Network Inc. owned about 0.09% of iShares MSCI USA Momentum Factor ETF worth $17,349,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Caprock Group LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $3,283,000. Braun Bostich & Associates Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 63.4% in the 4th quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after acquiring an additional 4,463 shares during the last quarter. BCGM Wealth Management LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 45.0% in the 4th quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock valued at $6,424,000 after acquiring an additional 7,960 shares during the last quarter. Cypress Wealth Services LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 63.6% in the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock valued at $3,698,000 after acquiring an additional 5,740 shares during the last quarter. Finally, Ausdal Financial Partners Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 237.4% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 4,768 shares of the company’s stock valued at $1,223,000 after acquiring an additional 3,355 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Down 2.9%
Shares of BATS MTUM opened at $298.27 on Friday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $223.47 and a twelve month high of $307.96. The company has a market capitalization of $21.77 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm has a 50-day moving average of $264.12 and a two-hundred day moving average of $256.36.
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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
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