HB Wealth Management LLC Has $1.42 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

HB Wealth Management LLC lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 34.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,904 shares of the company’s stock after selling 3,038 shares during the quarter. HB Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,417,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MTUM. Dagco Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $25,000. Cary Street Partners Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $26,000. Finally, Financial Network Wealth Advisors LLC boosted its position 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 buying an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 2.9%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $312.44 on Wednesday. The stock has a market capitalization of $22.81 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm’s 50-day moving average price is $313.33 and its two-hundred day moving average price is $274.86. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59.

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.