iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Bell Investment Advisors Inc

Bell Investment Advisors Inc lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 107,638 shares of the company’s stock after selling 8,554 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 3.5% of Bell Investment Advisors Inc’s investment portfolio, making the stock its 8th biggest position. Bell Investment Advisors Inc’s holdings in iShares MSCI USA Momentum Factor ETF were worth $16,887,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MTUM. Sound Income Strategies LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 281.5% during the fourth 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 last quarter. Baker Avenue Asset Management LP increased its stake in iShares MSCI USA Momentum Factor ETF by 46.8% during the third 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 last quarter. Provence Wealth Management Group purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $54,000. Signature Resources Capital Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $74,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 83.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 576 shares of the company’s stock worth $80,000 after buying an additional 262 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 1.1 %

MTUM opened at $192.85 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The business has a fifty day simple moving average of $184.66 and a 200-day simple moving average of $174.52. The firm has a market cap of $10.44 billion, a P/E ratio of 18.53 and a beta of 1.10.

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.