EdgeRock Capital LLC Lowers Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

EdgeRock Capital LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 13.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 35,921 shares of the company’s stock after selling 5,442 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 4.6% of EdgeRock Capital LLC’s investment portfolio, making the stock its 8th largest position. EdgeRock Capital LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WealthShield Partners LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 6.8% during the 3rd quarter. WealthShield Partners LLC now owns 3,421 shares of the company’s stock valued at $479,000 after buying an additional 218 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $41,000. Park Avenue Securities LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $467,000. Graypoint LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $852,000. Finally, Strata Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $499,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM traded down $0.15 during midday trading on Tuesday, hitting $183.61. The company had a trading volume of 1,636,370 shares. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 12-month low of $81.37 and a 12-month high of $113.60. The company has a fifty day moving average of $183.59 and a two-hundred day moving average of $166.75.

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.