iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC lowered its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 116,926 shares of the company’s stock after selling 7,076 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 13.7% of Stonehearth Capital Management LLC’s portfolio, making the stock its biggest holding. Stonehearth Capital Management LLC owned approximately 0.16% of iShares MSCI USA Momentum Factor ETF worth $40,086,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTUM. Assetmark Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after buying an additional 37,278 shares in the last quarter. Beacon Bridge Wealth Partners LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 78.3% during the 4th quarter. Beacon Bridge Wealth Partners LLC now owns 22,617 shares of the company’s stock worth $5,661,000 after acquiring an additional 9,932 shares during the period. Flagship Capital Management Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $1,779,000. Washburn Capital Management Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 68.4% during the 4th quarter. Washburn Capital Management Inc. now owns 16,125 shares of the company’s stock valued at $4,036,000 after acquiring an additional 6,550 shares during the last quarter. Finally, Waystone Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $1,040,000.

iShares MSCI USA Momentum Factor ETF Stock Down 0.6%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $308.17 on Friday. The firm has a market cap of $22.50 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The business’s fifty day simple moving average is $317.49 and its 200-day simple moving average is $283.12.

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