Empirical Financial Services LLC d.b.a. Empirical Wealth Management Trims Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 960,399 shares of the company’s stock after selling 13,778 shares during the period. iShares MSCI USA Momentum Factor ETF comprises approximately 4.0% of Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s investment portfolio, making the stock its 5th biggest position. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned approximately 1.32% of iShares MSCI USA Momentum Factor ETF worth $230,486,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $25,000. Cary Street Partners Financial LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Dagco Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $25,000. Eagle Bay Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $26,000. Finally, Financial Network Wealth Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $314.63 on Tuesday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The company has a 50 day simple moving average of $316.41 and a two-hundred day simple moving average of $276.75. The company has a market capitalization of $22.97 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.