iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Stock Position Reduced by CGN Advisors LLC

CGN Advisors LLC decreased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,768 shares of the company’s stock after selling 499 shares during the quarter. CGN Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $573,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,255.6% during the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock worth $25,000 after purchasing an additional 113 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the second quarter worth approximately $33,000. Signaturefd LLC raised its position in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the third quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after acquiring an additional 155 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 1,880.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after acquiring an additional 188 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter worth approximately $43,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $217.36 on Friday. The business’s 50-day simple moving average is $211.85 and its 200-day simple moving average is $202.56. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

iShares MSCI USA Momentum Factor ETF 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.