Members Advisory Group LLC Decreases Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Members Advisory Group LLC cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 21.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,796 shares of the company’s stock after selling 491 shares during the period. iShares MSCI USA Momentum Factor ETF comprises approximately 0.2% of Members Advisory Group LLC’s holdings, making the stock its 19th largest position. Members Advisory Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $282,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTUM. Sound Income Strategies LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 281.5% during the 4th quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock valued at $39,000 after purchasing an additional 183 shares during the last quarter. Baker Avenue Asset Management LP boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 46.8% during 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 last quarter. Provence Wealth Management Group bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $54,000. Signature Resources Capital Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $74,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 83.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 576 shares of the company’s stock valued at $80,000 after purchasing an additional 262 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.0 %

Shares of BATS:MTUM traded up $1.93 during trading on Friday, reaching $190.62. The company’s stock had a trading volume of 686,741 shares. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The firm’s 50 day simple moving average is $183.94 and its two-hundred day simple moving average is $170.37. The stock has a market capitalization of $10.32 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.