Kathmere Capital Management LLC Trims Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Kathmere Capital Management LLC lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,530 shares of the company’s stock after selling 1,806 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 3.4% of Kathmere Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Kathmere Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $37,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MTUM. SeaCrest Wealth Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,975 shares of the company’s stock valued at $409,000 after acquiring an additional 104 shares during the last quarter. Sovereign Financial Group Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 201.5% in the fourth quarter. Sovereign Financial Group Inc. now owns 4,326 shares of the company’s stock valued at $895,000 after purchasing an additional 2,891 shares in the last quarter. Global Financial Private Client LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $115,000. Signal Advisors Wealth LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 29.8% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,862 shares of the company’s stock worth $385,000 after purchasing an additional 428 shares during the period. Finally, Unique Wealth LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $1,433,000.

iShares MSCI USA Momentum Factor ETF Stock Up 1.0 %

MTUM opened at $208.99 on Wednesday. The company has a fifty day simple moving average of $211.70 and a 200 day simple moving average of $202.24. The stock has a market cap of $11.32 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60.

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.