IAG Wealth Partners LLC Cuts Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

IAG Wealth Partners LLC lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 20.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,805 shares of the company’s stock after selling 1,454 shares during the quarter. IAG Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $911,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,913,845 shares of the company’s stock valued at $965,864,000 after acquiring an additional 277,017 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock valued at $914,424,000 after acquiring an additional 317,802 shares during the period. Assetmark Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the 3rd quarter. Assetmark Inc. now owns 1,584,283 shares of the company’s stock valued at $221,324,000 after acquiring an additional 137,311 shares during the period. CWM LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.3% in the 4th quarter. CWM LLC now owns 1,134,217 shares of the company’s stock valued at $177,947,000 after acquiring an additional 96,845 shares during the period. Finally, Savant Capital LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 11.1% in the 3rd quarter. Savant Capital LLC now owns 1,008,323 shares of the company’s stock valued at $140,863,000 after acquiring an additional 100,774 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 1.3 %

Shares of MTUM stock opened at $179.68 on Friday. The company’s fifty day simple moving average is $183.42 and its 200-day simple moving average is $164.69. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The company has a market cap of $9.86 billion, a PE ratio of 19.19 and a beta of 1.10.

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.