Quartz Partners LLC Has $1.04 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Quartz Partners LLC decreased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 60.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,352 shares of the company’s stock after selling 6,609 shares during the quarter. Quartz Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,044,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Bison Wealth LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after buying an additional 133 shares during the last quarter. Empowered Funds LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $2,488,000. Russell Investments Group Ltd. increased its holdings in iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after buying an additional 128 shares during the last quarter. First Trust Advisors LP bought a new position in iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $350,000. Finally, Qube Research & Technologies Ltd raised its position in iShares MSCI USA Momentum Factor ETF by 543.9% during the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after acquiring an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 3.0%

MTUM stock opened at $303.41 on Friday. The firm has a market cap of $22.15 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The company has a fifty day simple moving average of $317.44 and a 200 day simple moving average of $277.95.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.