New York Life Investment Management LLC Sells 6,711 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

New York Life Investment Management LLC lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,839 shares of the company’s stock after selling 6,711 shares during the quarter. New York Life Investment Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $24,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTUM. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock worth $41,000 after purchasing an additional 188 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 51.4% in the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 74 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $432,000. Signaturefd LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1,550.0% in the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 17.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,330 shares of the company’s stock worth $275,000 after purchasing an additional 202 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $218.03 on Thursday. The firm’s 50-day simple moving average is $216.78 and its 200-day simple moving average is $208.69. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The firm has a market cap of $15.64 billion, a price-to-earnings 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.