Rede Wealth LLC Sells 63 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Rede Wealth LLC reduced its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,344 shares of the company’s stock after selling 63 shares during the period. Rede Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. AQR Capital Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth $253,000. Mather Group LLC. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 46.4% during the third quarter. Mather Group LLC. now owns 625 shares of the company’s stock worth $127,000 after purchasing an additional 198 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 7.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 1,880 shares of the company’s stock worth $381,000 after purchasing an additional 127 shares during the last quarter. Pinnacle Bancorp Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $134,000. Finally, Simplicity Wealth LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 5.5% during the third quarter. Simplicity Wealth LLC now owns 8,983 shares of the company’s stock worth $1,821,000 after purchasing an additional 471 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 7.6 %

BATS:MTUM opened at $224.81 on Friday. The stock has a fifty day simple moving average of $214.13 and a 200-day simple moving average of $204.90. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60.

About iShares MSCI USA Momentum Factor ETF

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.