iShares MSCI USA Momentum Factor ETF (BATS:MTUM) is 1900 Wealth Management LLC’s 8th Largest Position

1900 Wealth Management LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 134,724 shares of the company’s stock after selling 3,444 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 2.3% of 1900 Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. 1900 Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $27,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTUM. Rik Saylor Financial Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $3,951,000. Financial Advocates Investment Management lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 17.8% in the fourth quarter. Financial Advocates Investment Management now owns 19,260 shares of the company’s stock valued at $3,985,000 after purchasing an additional 2,904 shares during the period. Robertson Stephens Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 59.5% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,981 shares of the company’s stock worth $1,238,000 after buying an additional 2,232 shares in the last quarter. Money Concepts Capital Corp boosted its holdings in iShares MSCI USA Momentum Factor ETF by 55.4% during the fourth quarter. Money Concepts Capital Corp now owns 2,651 shares of the company’s stock worth $548,000 after buying an additional 945 shares in the last quarter. Finally, Lion Street Advisors LLC grew its position in iShares MSCI USA Momentum Factor ETF by 36.8% during the fourth quarter. Lion Street Advisors LLC now owns 2,704 shares of the company’s stock worth $560,000 after buying an additional 727 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 8.2 %

MTUM stock opened at $226.03 on Friday. The firm has a 50 day moving average of $213.74 and a 200-day moving average of $204.54. The company has a market cap of $12.24 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60.

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.