Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 56,543 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 974,177 shares of the company’s stock after selling 56,543 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 4.3% of Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings, making the stock its 4th biggest position. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $243,846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Caprock Group LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth approximately $3,283,000. Acropolis Investment Management LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the third quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock valued at $32,361,000 after buying an additional 5,813 shares in the last quarter. Strategic Blueprint LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 18.9% in the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after buying an additional 4,790 shares during the period. Braun Bostich & Associates Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 63.4% in the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after buying an additional 4,463 shares during the period. Finally, Beacon Financial Group grew its position in iShares MSCI USA Momentum Factor ETF by 11.0% during the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after buying an additional 2,203 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $245.24 on Thursday. The stock’s fifty day moving average price is $249.89 and its two-hundred day moving average price is $251.51. iShares MSCI USA Momentum Factor ETF has a one year low of $171.51 and a one year high of $262.10. The firm has a market cap of $17.90 billion, a PE ratio of 28.67 and a beta of 1.02.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.