Synovus Financial Corp Sells 286 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Synovus Financial Corp reduced its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,510 shares of the company’s stock after selling 286 shares during the period. Synovus Financial Corp’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,320,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth about $227,000. World Investment Advisors LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 101.4% during the 3rd quarter. World Investment Advisors LLC now owns 7,739 shares of the company’s stock valued at $1,569,000 after buying an additional 3,897 shares in the last quarter. Sanctuary Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 455.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 157,981 shares of the company’s stock worth $33,952,000 after acquiring an additional 129,521 shares during the last quarter. Sculati Wealth Management LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 12.8% during the 3rd quarter. Sculati Wealth Management LLC now owns 1,270 shares of the company’s stock worth $238,000 after acquiring an additional 144 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 49.5% during the 3rd quarter. M&T Bank Corp now owns 66,870 shares of the company’s stock valued at $13,559,000 after acquiring an additional 22,130 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $216.05 on Tuesday. 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 company’s fifty day moving average is $210.07 and its 200 day moving average is $199.58. The stock has a market capitalization of $11.70 billion, a PE ratio of 18.53 and a beta of 1.10.

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.