HB Wealth Management LLC Has $1.42 Million Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

HB Wealth Management LLC lowered its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 34.0% during the first quarter, Holdings Channel reports. The fund owned 5,904 shares of the company’s stock after selling 3,038 shares during the period. HB Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,417,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MTUM. Caliber Wealth Management LLC KS grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.4% during the fourth quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock valued at $2,423,000 after purchasing an additional 39 shares during the last quarter. Traction Financial Partners LLC raised its position in iShares MSCI USA Momentum Factor ETF by 3.4% in the 4th quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock worth $302,000 after purchasing an additional 40 shares during the last quarter. Clark Capital Management Group Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock valued at $249,000 after acquiring an additional 41 shares during the period. Lunt Capital Management Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 3.0% during the 4th quarter. Lunt Capital Management Inc. now owns 1,500 shares of the company’s stock valued at $375,000 after purchasing an additional 43 shares during the period. Finally, Integrity Financial Corp WA boosted its stake in iShares MSCI USA Momentum Factor ETF by 5.4% in the fourth quarter. Integrity Financial Corp WA now owns 843 shares of the company’s stock valued at $211,000 after acquiring an additional 43 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $312.44 on Wednesday. The company has a fifty day moving average price of $313.33 and a two-hundred day moving average price of $274.86. The firm has a market capitalization of $22.81 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.

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.