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

Stonehearth Capital Management LLC decreased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,002 shares of the company’s stock after selling 2,672 shares during the period. iShares MSCI USA Momentum Factor ETF comprises about 11.8% of Stonehearth Capital Management LLC’s portfolio, making the stock its 2nd largest holding. Stonehearth Capital Management LLC owned approximately 0.17% of iShares MSCI USA Momentum Factor ETF worth $29,759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signal Advisors Wealth LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 3.6% in the first quarter. Signal Advisors Wealth LLC now owns 2,822 shares of the company’s stock valued at $677,000 after acquiring an additional 99 shares during the period. SWP Financial LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 0.9% during the 1st quarter. SWP Financial LLC now owns 15,283 shares of the company’s stock worth $3,668,000 after purchasing an additional 132 shares during the period. Atlas Brown Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 6.2% in the 1st quarter. Atlas Brown Inc. now owns 2,549 shares of the company’s stock worth $612,000 after purchasing an additional 148 shares during the last quarter. Clark Asset Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $361,000. Finally, Sweeney & Michel LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 1.4% during the 1st quarter. Sweeney & Michel LLC now owns 10,588 shares of the company’s stock valued at $2,817,000 after purchasing an additional 151 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $329.76 on Wednesday. The firm has a market capitalization of $24.07 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a 50 day simple moving average of $302.57 and a 200 day simple moving average of $269.53. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59.

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.