Opinicus Capital Inc. lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,704 shares of the company’s stock after selling 140 shares during the period. Opinicus Capital Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $353,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Realta Investment Advisors acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at approximately $49,000. Golden State Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $970,000. Fairvoy Private Wealth LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $453,000. Keystone Financial Group Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at $584,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $15,263,000.
iShares MSCI USA Momentum Factor ETF Trading Up 7.6 %
Shares of BATS MTUM opened at $224.81 on Friday. The firm’s 50-day moving average price is $213.96 and its 200-day moving average price is $204.69. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The firm has a market capitalization of $12.17 billion, a P/E ratio of 18.53 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.
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