Straight Path Wealth Management Reduces Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Straight Path Wealth Management reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 62,324 shares of the company’s stock after selling 611 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 5.1% of Straight Path Wealth Management’s holdings, making the stock its 5th largest holding. Straight Path Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $12,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in MTUM. QRG Capital Management Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 37.4% during the third quarter. QRG Capital Management Inc. now owns 5,488 shares of the company’s stock worth $1,113,000 after buying an additional 1,495 shares during the last quarter. United Advisor Group LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 141.4% during the third quarter. United Advisor Group LLC now owns 3,423 shares of the company’s stock worth $694,000 after buying an additional 2,005 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 20.7% during the third quarter. Concurrent Investment Advisors LLC now owns 1,949 shares of the company’s stock worth $395,000 after buying an additional 334 shares during the last quarter. American Capital Advisory LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 137.4% during the third quarter. American Capital Advisory LLC now owns 850 shares of the company’s stock worth $172,000 after buying an additional 492 shares during the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $1,671,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $212.74 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $229.77. The company has a 50-day simple moving average of $217.33 and a 200 day simple moving average of $209.49. The company has a market capitalization of $15.26 billion, a PE ratio of 28.87 and a beta of 0.98.

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.