HighTower Advisors LLC Lowers Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

HighTower Advisors LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,838 shares of the company’s stock after selling 1,682 shares during the period. HighTower Advisors LLC owned approximately 0.07% of iShares MSCI USA Momentum Factor ETF worth $8,243,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MTUM. Wealthfront Advisers LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 3,594.6% during the fourth quarter. Wealthfront Advisers LLC now owns 36,835 shares of the company’s stock worth $7,622,000 after purchasing an additional 35,838 shares in the last quarter. Sollinda Capital Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 2.0% during the fourth quarter. Sollinda Capital Management LLC now owns 4,175 shares of the company’s stock worth $864,000 after acquiring an additional 81 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $1,811,000. Johnson Investment Counsel Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $359,000. Finally, Axis Wealth Partners LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $217,000.

iShares MSCI USA Momentum Factor ETF Stock Down 2.2 %

MTUM stock opened at $204.43 on Tuesday. The company has a market capitalization of $14.05 billion, a P/E ratio of 27.42 and a beta of 0.99. The company has a 50-day simple moving average of $215.88 and a 200 day simple moving average of $209.82. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $229.77.

iShares MSCI USA Momentum Factor ETF Company 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.