iShares MSCI USA Momentum Factor ETF $MTUM Stock Holdings Reduced by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 126,654 shares of the company’s stock after selling 3,004 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 12.6% of Stonehearth Capital Management LLC’s holdings, making the stock its 2nd biggest position. Stonehearth Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $32,480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avion Wealth raised its stake in iShares MSCI USA Momentum Factor ETF by 15.6% in the third quarter. Avion Wealth now owns 622 shares of the company’s stock worth $159,000 after buying an additional 84 shares in the last quarter. Sonoma Allocations LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $208,000. World Equity Group Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 5.5% in the 3rd quarter. World Equity Group Inc. now owns 3,051 shares of the company’s stock worth $782,000 after acquiring an additional 158 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 58.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 7,278 shares of the company’s stock worth $1,866,000 after acquiring an additional 2,685 shares in the last quarter. Finally, Sound Financial Strategies Group LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 148.7% during the 3rd quarter. Sound Financial Strategies Group LLC now owns 10,629 shares of the company’s stock worth $2,726,000 after purchasing an additional 6,356 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $257.15 on Friday. The stock’s 50-day moving average is $249.98 and its 200 day moving average is $247.89. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99. The company has a market cap of $18.77 billion, a P/E ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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.