Apella Capital LLC Reduces Position in iShares MSCI USA Momentum Factor ETF $MTUM

Apella Capital LLC trimmed its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 125,583 shares of the company’s stock after selling 7,354 shares during the period. Apella Capital LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $30,139,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Braun Bostich & Associates Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 63.4% during the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after purchasing an additional 4,463 shares in the last quarter. BCGM Wealth Management LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the 4th quarter. BCGM Wealth Management LLC now owns 25,663 shares of the company’s stock worth $6,424,000 after buying an additional 7,960 shares in the last quarter. Cypress Wealth Services LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 63.6% in the 4th quarter. Cypress Wealth Services LLC now owns 14,772 shares of the company’s stock worth $3,698,000 after buying an additional 5,740 shares during the last quarter. Flagship Capital Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $1,779,000. Finally, Assetmark Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after buying an additional 37,278 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 0.4%

Shares of BATS MTUM opened at $328.41 on Thursday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The firm’s 50-day moving average price is $303.82 and its 200-day moving average price is $270.07. The stock has a market capitalization of $23.97 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.