Eldridge Investment Advisors Inc. Cuts Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Eldridge Investment Advisors Inc. decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,082 shares of the company’s stock after selling 68 shares during the period. Eldridge Investment Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,258,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Duncker Streett & Co. Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Mainstream Capital Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1,880.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 198 shares of the company’s stock valued at $41,000 after purchasing an additional 188 shares in the last quarter. AdvisorNet Financial Inc boosted its position in iShares MSCI USA Momentum Factor ETF by 51.4% during the 4th quarter. AdvisorNet Financial Inc now owns 218 shares of the company’s stock valued at $45,000 after buying an additional 74 shares during the period. Finally, Realta Investment Advisors purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $49,000.

iShares MSCI USA Momentum Factor ETF Stock Down 3.3 %

Shares of MTUM opened at $202.19 on Friday. The stock has a market capitalization of $13.90 billion, a P/E ratio of 27.42 and a beta of 0.99. The firm has a fifty day simple moving average of $216.02 and a two-hundred day simple moving average of $209.64. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $229.77.

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.