ERn Financial LLC Cuts Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

ERn Financial LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,920 shares of the company’s stock after selling 156 shares during the quarter. ERn Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth $31,000. Fortis Capital Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 44.9% during the 1st quarter. Fortis Capital Advisors LLC now owns 271 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares during the period. Baker Avenue Asset Management LP lifted its position in iShares MSCI USA Momentum Factor ETF by 46.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock worth $39,000 after acquiring an additional 89 shares during the period. Sound Income Strategies LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 281.5% during the 4th quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock worth $39,000 after acquiring an additional 183 shares during the period. Finally, BluePath Capital Management LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $41,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM traded down $0.37 on Friday, reaching $187.35. 2,149,917 shares of the stock were exchanged. The company’s 50-day moving average price is $179.31 and its 200 day moving average price is $158.86. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The firm has a market capitalization of $11.65 billion, a PE ratio of 19.35 and a beta of 0.91.

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.