Geneos Wealth Management Inc. Trims Position in iShares MSCI USA Momentum Factor ETF $MTUM

Geneos Wealth Management Inc. decreased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 17.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,123 shares of the company’s stock after selling 3,192 shares during the quarter. Geneos Wealth Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bison Wealth LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the last quarter. Arete Wealth Advisors LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 6.6% during the 1st quarter. Arete Wealth Advisors LLC now owns 1,928 shares of the company’s stock valued at $390,000 after buying an additional 119 shares during the period. Empowered Funds LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $2,488,000. Advisory Alpha LLC grew its position in iShares MSCI USA Momentum Factor ETF by 4.9% in the first quarter. Advisory Alpha LLC now owns 1,439 shares of the company’s stock worth $291,000 after acquiring an additional 67 shares during the period. Finally, SageView Advisory Group LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 0.7% during the first quarter. SageView Advisory Group LLC now owns 12,447 shares of the company’s stock worth $2,516,000 after acquiring an additional 88 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 23.5%

BATS:MTUM opened at $258.21 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99. The stock’s fifty day moving average is $249.95 and its two-hundred day moving average is $247.63. The company has a market capitalization of $18.85 billion, a P/E 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.