iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Position Trimmed by GDS Wealth Management

GDS Wealth Management reduced its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,315 shares of the company’s stock after selling 88 shares during the period. GDS Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $363,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Crestwood Advisors Group LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 4.2% during the 3rd quarter. Crestwood Advisors Group LLC now owns 11,222 shares of the company’s stock worth $1,568,000 after purchasing an additional 449 shares during the period. Simplicity Solutions LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $572,000. J.W. Cole Advisors Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 3.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 10,592 shares of the company’s stock valued at $1,662,000 after purchasing an additional 317 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 10.3% during the fourth quarter. Brookstone Capital Management now owns 4,028 shares of the company’s stock valued at $632,000 after buying an additional 376 shares during the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.1% during the third quarter. Corient Private Wealth LLC now owns 652,951 shares of the company’s stock valued at $91,217,000 after purchasing an additional 13,613 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock traded up $0.38 during midday trading on Thursday, reaching $184.29. 471,799 shares of the company were exchanged. The company’s 50 day moving average price is $183.71 and its two-hundred day moving average price is $167.00. The company has a market cap of $9.98 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60.

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.