Perigon Wealth Management LLC reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 24.7% in the 4th quarter, HoldingsChannel reports. The firm owned 8,577 shares of the company’s stock after selling 2,814 shares during the period. Perigon Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,147,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dagco Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $25,000. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $25,000. TFC Financial Management Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth approximately $28,000. United Financial Planning Group LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter valued at $28,000. Finally, Howe & Rusling Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 425.0% in the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock valued at $32,000 after buying an additional 102 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
iShares MSCI USA Momentum Factor ETF stock opened at $245.85 on Friday. The stock’s 50 day moving average is $249.49 and its 200 day moving average is $251.40. 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 $17.95 billion, a P/E 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.
See Also
Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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