Smart Money Group LLC Sells 773 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Smart Money Group LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,410 shares of the company’s stock after selling 773 shares during the period. Smart Money Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,163,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Aveo Capital Partners LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $281,000. SRS Capital Advisors Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 1.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 6,254 shares of the company’s stock worth $981,000 after purchasing an additional 87 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth approximately $207,000. Savant Capital LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 10.0% in the fourth quarter. Savant Capital LLC now owns 1,108,786 shares of the company’s stock worth $173,957,000 after purchasing an additional 100,463 shares during the last quarter. Finally, Alpha Cubed Investments LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 41.4% during the 4th quarter. Alpha Cubed Investments LLC now owns 2,521 shares of the company’s stock worth $396,000 after acquiring an additional 738 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 1.1 %

BATS MTUM traded up $1.96 on Thursday, reaching $177.25. The company had a trading volume of 844,340 shares. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The stock has a market capitalization of $9.60 billion, a PE ratio of 18.53 and a beta of 1.10. The firm’s 50 day moving average price is $183.54 and its 200 day moving average price is $165.44.

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.