Blume Capital Management Inc. Has $157,000 Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Blume Capital Management Inc. lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 34.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,002 shares of the company’s stock after selling 522 shares during the quarter. Blume Capital Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $157,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baker Avenue Asset Management LP boosted its stake in iShares MSCI USA Momentum Factor ETF by 46.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock valued at $39,000 after purchasing an additional 89 shares during the period. Sound Income Strategies LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 281.5% in the fourth quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock valued at $39,000 after acquiring an additional 183 shares in the last quarter. BluePath Capital Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $41,000. Provence Wealth Management Group acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $54,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $74,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock traded up $0.26 during trading on Thursday, reaching $183.91. 447,109 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $183.67 and its 200 day moving average price is $166.87. The company has a market cap of $9.96 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60.

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.