Silver Oak Securities Incorporated Sells 4,060 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Silver Oak Securities Incorporated reduced its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 52.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,631 shares of the company’s stock after selling 4,060 shares during the quarter. Silver Oak Securities Incorporated’s holdings in iShares MSCI USA Momentum Factor ETF were worth $755,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Park Avenue Securities LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1,055.4% during the fourth quarter. Park Avenue Securities LLC now owns 507,294 shares of the company’s stock valued at $104,969,000 after purchasing an additional 463,387 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 140.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 425,097 shares of the company’s stock valued at $87,961,000 after buying an additional 248,600 shares in the last quarter. Citigroup Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 1,266.9% in the 3rd quarter. Citigroup Inc. now owns 253,036 shares of the company’s stock worth $51,305,000 after acquiring an additional 234,524 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 245.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 225,033 shares of the company’s stock worth $46,564,000 after acquiring an additional 159,916 shares in the last quarter. Finally, JB Capital LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at approximately $32,997,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $224.81 on Friday. The firm has a market cap of $12.17 billion, a PE ratio of 18.53 and a beta of 1.10. The firm has a fifty day moving average price of $213.96 and a 200 day moving average price of $204.69. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60.

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.