Family Asset Management LLC Lowers Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Family Asset Management LLC reduced its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.1% in the 3rd quarter, Holdings Channel reports. The fund owned 2,136 shares of the company’s stock after selling 91 shares during the period. Family Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 1,255.6% in the 3rd quarter. Fortitude Family Office LLC now owns 122 shares of the company’s stock valued at $25,000 after acquiring an additional 113 shares during the period. Abich Financial Wealth Management LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $33,000. Signaturefd LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 1,550.0% during the 3rd quarter. Signaturefd LLC now owns 165 shares of the company’s stock worth $33,000 after purchasing an additional 155 shares during the last quarter. Wellington Shields & Co. LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $42,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $48,000.

iShares MSCI USA Momentum Factor ETF Trading Up 1.7 %

BATS:MTUM traded up $3.42 during trading hours on Wednesday, hitting $204.74. The company had a trading volume of 995,076 shares. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The company has a market cap of $11.09 billion, a P/E ratio of 18.53 and a beta of 1.10. The company has a 50-day moving average of $201.17 and a 200 day moving average of $193.80.

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.