Harbour Investments Inc. Sells 9,440 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Harbour Investments Inc. trimmed its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 21.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,785 shares of the company’s stock after selling 9,440 shares during the quarter. Harbour Investments Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTUM. Bison Wealth LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $2,488,000. Russell Investments Group Ltd. grew its position in iShares MSCI USA Momentum Factor ETF by 15.1% during the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after buying an additional 128 shares in the last quarter. First Trust Advisors LP purchased a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth about $350,000. Finally, Qube Research & Technologies Ltd grew its position in iShares MSCI USA Momentum Factor ETF by 543.9% during the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after buying an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $303.60 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $223.47 and a 52 week high of $307.96. The business has a 50-day simple moving average of $270.51 and a 200 day simple moving average of $258.25. The stock has a market cap of $22.16 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.