Audent Global Asset Management LLC reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 80.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,675 shares of the company’s stock after selling 44,748 shares during the period. iShares MSCI USA Momentum Factor ETF makes up approximately 2.7% of Audent Global Asset Management LLC’s holdings, making the stock its 15th largest holding. Audent Global Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,562,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $25,000. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Dagco Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Eagle Bay Advisors LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $26,000. Finally, Financial Network Wealth Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares during the period.
iShares MSCI USA Momentum Factor ETF Trading Down 0.4%
Shares of BATS MTUM opened at $302.09 on Friday. The stock has a fifty day moving average price of $317.45 and a 200 day moving average price of $278.11. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The company has a market cap of $22.05 billion, a P/E ratio of 28.67 and a beta of 1.02.
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.
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