Smart Money Group LLC Has $1.16 Million Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Smart Money Group LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,410 shares of the company’s stock after selling 773 shares during the quarter. Smart Money Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,163,000 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 the business. Baker Avenue Asset Management LP boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 46.8% in the third quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock valued at $39,000 after acquiring an additional 89 shares during the period. Sound Income Strategies LLC lifted its stake in shares of 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 valued at $39,000 after buying an additional 183 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at approximately $41,000. Provence Wealth Management Group purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $54,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 83.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 576 shares of the company’s stock valued at $80,000 after purchasing an additional 262 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM traded up $1.96 during trading on Thursday, hitting $177.25. 844,340 shares of the stock traded hands. The firm has a 50-day moving average of $183.54 and a 200 day moving average of $165.44. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The firm has a market capitalization of $9.60 billion, a P/E ratio of 18.53 and a beta of 1.10.

About iShares MSCI USA Momentum Factor ETF

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.