Mendel Money Management Sells 134 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Mendel Money Management lessened its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,536 shares of the company’s stock after selling 134 shares during the period. Mendel Money Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.8% in the first quarter. Bank of New York Mellon Corp now owns 215,086 shares of the company’s stock worth $43,475,000 after buying an additional 11,729 shares in the last quarter. Symmetry Partners LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.7% in the second quarter. Symmetry Partners LLC now owns 220,864 shares of the company’s stock worth $53,078,000 after buying an additional 15,774 shares in the last quarter. Fortune Financial Advisors LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 46.2% in the second quarter. Fortune Financial Advisors LLC now owns 2,029 shares of the company’s stock worth $488,000 after buying an additional 641 shares in the last quarter. Scissortail Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $4,529,000. Finally, GAMMA Investing LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after buying an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 23.4%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $257.95 on Wednesday. The company has a market cap of $18.83 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company’s 50 day moving average is $251.55 and its 200 day moving average is $236.94. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99.

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.