Deltec Asset Management LLC Has $516,000 Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Deltec Asset Management LLC lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 81.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,150 shares of the company’s stock after selling 9,150 shares during the quarter. Deltec Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $516,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV lifted its stake in iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after purchasing an additional 229,850 shares during the last quarter. LPL Financial LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after buying an additional 652,414 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.0% during the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after buying an additional 152,723 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after buying an additional 1,332,181 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after acquiring an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 4.3%

BATS MTUM opened at $328.10 on Thursday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The company has a market cap of $23.95 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business’s fifty day moving average is $310.07 and its 200 day moving average is $272.90.

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