Pinnacle Wealth Management Advisory Group LLC Reduces Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Pinnacle Wealth Management Advisory Group LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,562 shares of the company’s stock after selling 136 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $245,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MTUM. Envestnet Asset Management Inc. lifted its holdings 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 worth $965,864,000 after purchasing an additional 277,017 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock valued at $914,424,000 after buying an additional 317,802 shares in the last quarter. Assetmark Inc. boosted 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 purchasing an additional 137,311 shares during the period. CWM LLC lifted its holdings in shares of 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 last quarter. Finally, Savant Capital LLC lifted its holdings in shares of 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 last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM traded up $0.26 during trading hours on Thursday, reaching $183.91. The stock had a trading volume of 447,109 shares. The business’s fifty day moving average is $183.67 and its two-hundred day moving average is $166.87. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.