iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 114,635 shares of the company’s stock after selling 2,291 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 12.4% of Stonehearth Capital Management LLC’s investment portfolio, making the stock its biggest position. Stonehearth Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $36,378,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MTUM. Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $26,000. Indiana Trust & Investment Management Co acquired a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Fairway Wealth LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $36,000. Morling Financial Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $50,000. Finally, Montgomery Financial Services LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $62,000.

iShares MSCI USA Momentum Factor ETF Stock Down 0.6%

Shares of MTUM stock opened at $313.11 on Wednesday. The firm has a 50 day moving average price of $310.29 and a two-hundred day moving average price of $303.01. The company has a market capitalization of $22.86 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59.

iShares MSCI USA Momentum Factor ETF’s stock is going to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

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.