Commonwealth Equity Services LLC Decreases Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Commonwealth Equity Services LLC decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 273,929 shares of the company’s stock after selling 78,062 shares during the period. Commonwealth Equity Services LLC owned 0.44% of iShares MSCI USA Momentum Factor ETF worth $42,977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTUM. Blair William & Co. IL boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.0% in the 3rd quarter. Blair William & Co. IL now owns 7,318 shares of the company’s stock worth $1,022,000 after purchasing an additional 76 shares during the period. Larson Financial Group LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 6.6% during the fourth quarter. Larson Financial Group LLC now owns 1,288 shares of the company’s stock worth $202,000 after buying an additional 80 shares during the period. Baker Avenue Asset Management LP increased its position in iShares MSCI USA Momentum Factor ETF by 46.8% during the third quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock valued at $39,000 after acquiring an additional 89 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 11,219 shares of the company’s stock valued at $1,760,000 after acquiring an additional 104 shares during the period. Finally, Security Financial Services INC. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.4% in the third quarter. Security Financial Services INC. now owns 32,175 shares of the company’s stock valued at $4,495,000 after acquiring an additional 141 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 1.6 %

Shares of MTUM stock traded up $2.89 during trading hours on Friday, reaching $180.10. 949,531 shares of the stock were exchanged. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The company’s 50-day moving average price is $183.47 and its 200-day moving average price is $165.78. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.