iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Position Reduced by Fortress Wealth Management Inc.

Fortress Wealth Management Inc. trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,496 shares of the company’s stock after selling 447 shares during the period. Fortress Wealth Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,137,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MTUM. Assetmark Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the 3rd quarter. Assetmark Inc. now owns 1,692,983 shares of the company’s stock valued at $343,269,000 after purchasing an additional 72,891 shares during the period. Cerity Partners LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the 3rd quarter. Cerity Partners LLC now owns 1,073,907 shares of the company’s stock valued at $217,745,000 after buying an additional 26,235 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.7% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 995,986 shares of the company’s stock valued at $206,089,000 after acquiring an additional 35,468 shares in the last quarter. FMR LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 12.2% during the 3rd quarter. FMR LLC now owns 674,367 shares of the company’s stock valued at $136,735,000 after acquiring an additional 73,442 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.0% during the third quarter. LPL Financial LLC now owns 619,786 shares of the company’s stock worth $125,668,000 after acquiring an additional 11,968 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 2.3 %

MTUM opened at $213.85 on Tuesday. The stock has a fifty day moving average price of $212.86 and a 200 day moving average price of $203.36. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.