iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by PFG Advisors

PFG Advisors cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.6% during the 4th quarter, HoldingsChannel reports. The firm owned 5,141 shares of the company’s stock after selling 192 shares during the quarter. PFG Advisors’ holdings in iShares MSCI USA Momentum Factor ETF were worth $1,064,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its position 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 purchasing an additional 188 shares during the period. AdvisorNet Financial Inc raised its position in iShares MSCI USA Momentum Factor ETF by 51.4% in the fourth quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after purchasing an additional 74 shares during the period. Vontobel Holding Ltd. purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $432,000. Kingsview Wealth Management LLC raised its position in iShares MSCI USA Momentum Factor ETF by 17.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock valued at $275,000 after purchasing an additional 202 shares during the period. Finally, Summit X LLC raised its position in iShares MSCI USA Momentum Factor ETF by 1,416.6% in the fourth quarter. Summit X LLC now owns 22,142 shares of the company’s stock valued at $4,582,000 after purchasing an additional 20,682 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $196.40 on Friday. The business’s 50-day moving average is $216.13 and its two-hundred day moving average is $209.51. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $229.77. The firm has a market capitalization of $14.09 billion, a PE ratio of 28.87 and a beta of 0.98.

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.