Apella Capital LLC lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 117,618 shares of the company’s stock after selling 3,961 shares during the period. Apella Capital LLC owned about 0.16% of iShares MSCI USA Momentum Factor ETF worth $37,922,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Gradient Investments LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth approximately $202,000. Tactive Advisors LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 31.9% in the 3rd quarter. Tactive Advisors LLC now owns 24,821 shares of the company’s stock valued at $7,877,000 after acquiring an additional 6,007 shares in the last quarter. Venture Visionary Partners LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 70.2% in the 3rd quarter. Venture Visionary Partners LLC now owns 1,215 shares of the company’s stock worth $386,000 after purchasing an additional 501 shares during the period. Canandaigua National Trust Co of Florida acquired a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $336,000. Finally, Weaver Consulting Group grew its position in iShares MSCI USA Momentum Factor ETF by 1.5% during the 3rd quarter. Weaver Consulting Group now owns 10,745 shares of the company’s stock worth $3,410,000 after purchasing an additional 162 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Down 1.6%
BATS:MTUM traded down $5.17 during trading hours on Thursday, hitting $317.25. 219,888 shares of the stock traded hands, compared to its average volume of 1,236,215. The firm has a 50 day moving average price of $309.24 and a 200 day moving average price of $300.99. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The firm has a market cap of $23.16 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.
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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
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