Fermata Advisors LLC Has $1.64 Million Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Fermata Advisors LLC decreased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,109 shares of the company’s stock after selling 241 shares during the period. Fermata Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 58.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock valued at $2,608,970,000 after purchasing an additional 4,651,707 shares during the period. Raymond James Financial Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $574,824,000. LPL Financial LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 215.4% in the fourth quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock valued at $404,454,000 after buying an additional 1,334,851 shares during the period. Assetmark Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.4% during the 4th quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock valued at $362,297,000 after acquiring an additional 57,922 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 25.2% during the 4th quarter. Bank of America Corp DE now owns 1,528,601 shares of the company’s stock valued at $316,298,000 after acquiring an additional 308,078 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 11.9%

Shares of BATS MTUM opened at $233.86 on Thursday. The firm’s 50-day moving average price is $211.35 and its 200-day moving average price is $212.76. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $234.78. The firm has a market capitalization of $17.14 billion, a P/E ratio of 28.96 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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.