Opes Wealth Management LLC Sells 221 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Opes Wealth Management LLC lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,270 shares of the company’s stock after selling 221 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 1.8% of Opes Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. Opes Wealth Management LLC owned about 0.08% of iShares MSCI USA Momentum Factor ETF worth $8,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Csenge Advisory Group boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 26.6% during the 4th quarter. Csenge Advisory Group now owns 27,636 shares of the company’s stock worth $5,718,000 after purchasing an additional 5,814 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 2.6% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 6,975 shares of the company’s stock valued at $1,443,000 after acquiring an additional 178 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $217,000. Allworth Financial LP lifted its position in iShares MSCI USA Momentum Factor ETF by 1.4% in the 4th quarter. Allworth Financial LP now owns 9,742 shares of the company’s stock valued at $2,163,000 after acquiring an additional 132 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 252.9% in the 4th quarter. Principal Securities Inc. now owns 12,850 shares of the company’s stock valued at $2,659,000 after acquiring an additional 9,209 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $228.40 on Friday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm’s 50-day simple moving average is $215.19 and its 200 day simple moving average is $206.38.

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.