Financial Enhancement Group LLC Reduces Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Financial Enhancement Group LLC cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 44.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,031 shares of the company’s stock after selling 5,602 shares during the period. Financial Enhancement Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTUM. Dagco Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth $25,000. Triumph Capital Management purchased a new position in iShares MSCI USA Momentum Factor ETF in the third quarter worth about $25,000. Cary Street Partners Financial LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $25,000. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $26,000. Finally, Financial Network Wealth Advisors LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 0.4%

BATS MTUM opened at $328.41 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The firm has a market capitalization of $23.97 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a 50-day moving average price of $303.82 and a 200-day moving average price of $270.07.

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.