iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Holdings Decreased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC decreased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,541 shares of the company’s stock after selling 143 shares during the quarter. HBK Sorce Advisory LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MTUM. Bank of New York Mellon Corp grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 203,357 shares of the company’s stock valued at $42,079,000 after buying an additional 5,963 shares in the last quarter. Bryn Mawr Capital Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $254,000. Nwam LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 47.6% during the fourth quarter. Nwam LLC now owns 1,650 shares of the company’s stock valued at $341,000 after buying an additional 532 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 22.0% during the fourth quarter. QRG Capital Management Inc. now owns 6,694 shares of the company’s stock valued at $1,385,000 after buying an additional 1,206 shares in the last quarter. Finally, Verus Capital Partners LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $1,115,000.

iShares MSCI USA Momentum Factor ETF Trading Up 13.8%

Shares of MTUM stock opened at $237.79 on Friday. The stock’s fifty day simple moving average is $224.33 and its 200-day simple moving average is $214.88. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $239.20. The company has a market capitalization of $17.36 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.