iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC lowered its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 21.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,883 shares of the company’s stock after selling 2,216 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,237,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Signature Resources Capital Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth approximately $74,000. Aveo Capital Partners LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $281,000. SRS Capital Advisors Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 6,254 shares of the company’s stock worth $981,000 after purchasing an additional 87 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $207,000. Finally, Savant Capital LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 10.0% during the fourth quarter. Savant Capital LLC now owns 1,108,786 shares of the company’s stock valued at $173,957,000 after purchasing an additional 100,463 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.6 %

MTUM traded up $2.89 on Friday, reaching $180.10. The company had a trading volume of 949,531 shares. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The company has a market capitalization of $9.75 billion, a P/E ratio of 18.53 and a beta of 1.10. The company has a fifty day moving average of $183.47 and a 200-day moving average of $166.12.

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.