Prudent Investors Network Inc. Sells 4,486 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Prudent Investors Network Inc. lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 69,312 shares of the company’s stock after selling 4,486 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 4.0% of Prudent Investors Network Inc.’s holdings, making the stock its 9th biggest position. Prudent Investors Network Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $17,349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Triumph Capital Management acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $25,000. Dagco Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $25,000. Eagle Bay Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $26,000. United Financial Planning Group LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $28,000. Finally, Howe & Rusling Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 425.0% during the 3rd quarter. Howe & Rusling Inc. now owns 126 shares of the company’s stock worth $32,000 after buying an additional 102 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Down 2.9%

BATS MTUM opened at $298.27 on Friday. The stock’s 50-day moving average price is $264.12 and its two-hundred day moving average price is $256.36. The company has a market cap of $21.77 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $223.47 and a 1 year high of $307.96.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.