Sovereign Financial Group Inc. Sells 1,426 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Sovereign Financial Group Inc. lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,486 shares of the company’s stock after selling 1,426 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Baker Avenue Asset Management LP increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 46.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock worth $39,000 after purchasing an additional 89 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 281.5% in the 4th quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock worth $39,000 after purchasing an additional 183 shares in the last quarter. BluePath Capital Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $41,000. Provence Wealth Management Group bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $54,000. Finally, Signature Resources Capital Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $74,000.

iShares MSCI USA Momentum Factor ETF Trading Down 0.1 %

BATS MTUM traded down $0.15 on Tuesday, hitting $183.61. 1,636,370 shares of the company traded hands. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The business’s 50 day moving average price is $183.59 and its 200-day moving average price is $166.75. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60.

iShares MSCI USA Momentum Factor ETF Company 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.