Del Sette Capital Management LLC Lowers Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Del Sette Capital Management LLC trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 19.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,516 shares of the company’s stock after selling 358 shares during the period. Del Sette Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MTUM. Fortitude Family Office LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% during the third quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after buying an additional 113 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $33,000. Signaturefd LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock valued at $33,000 after acquiring an additional 155 shares during the last quarter. Wellington Shields & Co. LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $42,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $43,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $213.84 on Friday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The company has a market capitalization of $11.58 billion, a P/E ratio of 18.53 and a beta of 1.10. The firm’s 50 day simple moving average is $202.10 and its 200 day simple moving average is $194.40.

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.