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

NTV Asset Management LLC decreased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,350 shares of the company’s stock after selling 650 shares during the period. NTV Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $996,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.2% in the third quarter. Envestnet Asset Management Inc. now owns 6,913,845 shares of the company’s stock valued at $965,864,000 after acquiring an additional 277,017 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in iShares MSCI USA Momentum Factor ETF by 5.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock worth $914,424,000 after buying an additional 317,802 shares during the period. Assetmark Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 9.5% during the third quarter. Assetmark Inc. now owns 1,584,283 shares of the company’s stock worth $221,324,000 after buying an additional 137,311 shares during the period. CWM LLC grew its position in iShares MSCI USA Momentum Factor ETF by 9.3% during the fourth quarter. CWM LLC now owns 1,134,217 shares of the company’s stock worth $177,947,000 after buying an additional 96,845 shares during the period. Finally, Savant Capital LLC grew its position in iShares MSCI USA Momentum Factor ETF by 10.0% during the fourth quarter. Savant Capital LLC now owns 1,108,786 shares of the company’s stock worth $173,957,000 after buying an additional 100,463 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM traded up $2.89 during mid-day trading on Friday, hitting $180.10. 949,531 shares of the company’s stock traded hands. The firm’s 50 day simple moving average is $183.47 and its 200 day simple moving average is $165.78. 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 $9.75 billion, a PE ratio of 18.53 and a beta of 1.10.

iShares MSCI USA Momentum Factor ETF Company 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.