Savant Capital LLC lessened its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 8.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 427,052 shares of the company’s stock after selling 39,988 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 0.6% of Savant Capital LLC’s holdings, making the stock its 27th biggest holding. Savant Capital LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $106,895,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in MTUM. Dagco Inc. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $25,000. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $26,000. Finally, United Financial Planning Group LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $28,000.
iShares MSCI USA Momentum Factor ETF Stock Performance
Shares of MTUM opened at $314.65 on Friday. The company’s 50-day simple moving average is $274.58 and its 200-day simple moving average is $259.63. iShares MSCI USA Momentum Factor ETF has a 1 year low of $228.53 and a 1 year high of $317.25. The stock has a market capitalization of $22.97 billion, a PE ratio of 28.67 and a beta of 1.02.
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.
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