Bell Investment Advisors Inc Trims Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Bell Investment Advisors Inc cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.4% in the first quarter, HoldingsChannel.com reports. The fund owned 88,196 shares of the company’s stock after selling 4,103 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 3.3% of Bell Investment Advisors Inc’s investment portfolio, making the stock its 8th largest position. Bell Investment Advisors Inc’s holdings in iShares MSCI USA Momentum Factor ETF were worth $21,166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MTUM. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $25,000. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $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 $25,000. Eagle Bay Advisors LLC acquired 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 grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 2.0%

MTUM opened at $345.22 on Tuesday. 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 fifty day simple moving average of $301.24 and a 200 day simple moving average of $268.97. The stock has a market cap of $25.20 billion, a P/E 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.