Simplicity Wealth LLC Sells 5,842 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Simplicity Wealth LLC decreased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 31.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 12,926 shares of the company’s stock after selling 5,842 shares during the quarter. Simplicity Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,102,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Triumph Capital Management bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $25,000. Cary Street Partners Financial LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Dagco Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $26,000. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM traded up $0.57 during midday trading on Friday, reaching $321.77. 1,102,428 shares of the company’s stock were exchanged, compared to its average volume of 1,094,758. The company’s 50 day simple moving average is $315.79 and its two-hundred day simple moving average is $276.16. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The firm has a market capitalization of $23.49 billion, a PE ratio of 28.67 and a beta of 1.02.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.