M&T Bank Corp cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 82.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,536 shares of the company’s stock after selling 91,258 shares during the period. M&T Bank Corp’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,890,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Dagco Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Triumph Capital Management purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $25,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $26,000. TFC Financial Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $28,000. Finally, United Financial Planning Group LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $28,000.
iShares MSCI USA Momentum Factor ETF Stock Performance
MTUM opened at $280.90 on Monday. The firm has a market cap of $20.51 billion, a P/E ratio of 28.67 and a beta of 1.02. The firm has a 50-day moving average of $253.26 and a 200 day moving average of $252.65. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $203.81 and a fifty-two week high of $281.46.
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.
Further Reading
Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
Receive News & Ratings for iShares MSCI USA Momentum Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI USA Momentum Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
