Stokes Family Office LLC Sells 7,086 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Stokes Family Office LLC trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 64.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,988 shares of the company’s stock after selling 7,086 shares during the quarter. Stokes Family Office LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $626,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MTUM. Mercer Global Advisors Inc. ADV increased its stake in iShares MSCI USA Momentum Factor ETF by 5.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock valued at $914,424,000 after acquiring an additional 317,802 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in 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 during the last quarter. Invst LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the third quarter valued at approximately $24,213,000. Assetmark Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 9.5% in the third quarter. Assetmark Inc. now owns 1,584,283 shares of the company’s stock valued at $221,324,000 after acquiring an additional 137,311 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in iShares MSCI USA Momentum Factor ETF by 36.3% in the third quarter. Royal Bank of Canada now owns 509,623 shares of the company’s stock valued at $71,195,000 after acquiring an additional 135,609 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.6 %

iShares MSCI USA Momentum Factor ETF stock traded up $2.89 during mid-day trading on Friday, reaching $180.10. The company had a trading volume of 949,531 shares. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The company has a market cap of $9.75 billion, a P/E ratio of 18.53 and a beta of 1.10. The business has a fifty day simple moving average of $183.47 and a 200 day simple moving average of $165.78.

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.