McKinley Carter Wealth Services Inc. Decreases Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

McKinley Carter Wealth Services Inc. reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,913 shares of the company’s stock after selling 451 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,402,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Woodmont Investment Counsel LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $28,000. GAMMA Investing LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $29,000. Abich Financial Wealth Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $33,000. Wellington Shields & Co. LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $42,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $48,000.

iShares MSCI USA Momentum Factor ETF Trading Up 0.8 %

Shares of MTUM opened at $208.58 on Thursday. The firm has a market cap of $11.29 billion, a PE ratio of 18.53 and a beta of 1.10. The firm has a fifty day simple moving average of $197.51 and a two-hundred day simple moving average of $191.55. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year 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.