Wealth Enhancement Advisory Services LLC Sells 19,753 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Wealth Enhancement Advisory Services LLC trimmed its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 981,507 shares of the company’s stock after selling 19,753 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $253,416,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.1% in the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after acquiring an additional 120,851 shares during the last quarter. Ameriprise Financial Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 7.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after purchasing an additional 90,841 shares during the last quarter. Bank of America Corp DE raised its position in iShares MSCI USA Momentum Factor ETF by 8.3% in the 3rd quarter. Bank of America Corp DE now owns 1,239,000 shares of the company’s stock worth $317,742,000 after purchasing an additional 94,881 shares during the last quarter. State of Michigan Retirement System lifted its holdings in iShares MSCI USA Momentum Factor ETF by 1.4% during the 3rd quarter. State of Michigan Retirement System now owns 1,223,490 shares of the company’s stock worth $313,764,000 after buying an additional 17,400 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Cerity Partners LLC now owns 1,151,952 shares of the company’s stock valued at $295,418,000 after buying an additional 29,230 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $241.52 on Friday. The stock has a market capitalization of $17.63 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $171.51 and a 52 week high of $262.10. The stock has a fifty day moving average of $252.45 and a 200-day moving average of $251.94.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.