iShares MSCI USA Momentum Factor ETF $MTUM is Stonehearth Capital Management LLC’s Largest Position

Stonehearth Capital Management LLC lowered its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 129,658 shares of the company’s stock after selling 11,454 shares during the period. iShares MSCI USA Momentum Factor ETF makes up approximately 12.9% of Stonehearth Capital Management LLC’s investment portfolio, making the stock its largest position. Stonehearth Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $31,159,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MTUM. Mullooly Asset Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $2,162,511,000. BNP Paribas Financial Markets boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 102.6% during the 1st quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock worth $129,867,000 after purchasing an additional 325,369 shares during the period. Liberty Wealth Management LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 1,227.8% during the 1st quarter. Liberty Wealth Management LLC now owns 337,221 shares of the company’s stock worth $68,162,000 after purchasing an additional 311,824 shares during the period. Ameriprise Financial Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 21.7% during the 1st quarter. Ameriprise Financial Inc. now owns 1,062,702 shares of the company’s stock worth $214,804,000 after purchasing an additional 189,281 shares during the period. Finally, Citigroup Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 25.0% during the 1st quarter. Citigroup Inc. now owns 901,342 shares of the company’s stock worth $182,188,000 after purchasing an additional 179,994 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $253.51 on Friday. The stock has a market capitalization of $18.51 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99. The company has a 50 day moving average price of $242.83 and a 200 day moving average price of $224.69.

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.