D.A. Davidson & CO. cut its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,073 shares of the company’s stock after selling 108 shares during the period. D.A. Davidson & CO.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,208,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in MTUM. TimeScale Financial Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $26,000. WFA of San Diego LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $27,000. GeoWealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $32,000. BNP Paribas Arbitrage SNC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,202.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 534 shares of the company’s stock valued at $70,000 after buying an additional 493 shares in the last quarter. Finally, CENTRAL TRUST Co purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $72,000.
iShares MSCI USA Momentum Factor ETF Stock Up 0.3 %
BATS MTUM opened at $143.34 on Wednesday. The firm has a market cap of $9.80 billion, a PE ratio of 19.35 and a beta of 0.91. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The company has a 50 day moving average price of $140.11 and a 200 day moving average price of $141.30.
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.
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