Sollinda Capital Management LLC Has $1.49 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Sollinda Capital Management LLC trimmed its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 29.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,945 shares of the company’s stock after selling 2,459 shares during the period. Sollinda Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,488,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bison Wealth LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at $2,488,000. Russell Investments Group Ltd. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after buying an additional 128 shares in the last quarter. Valued Retirements Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $232,000. Finally, Advocacy Wealth Management Services LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 5.7% during the 2nd quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock worth $21,248,000 after buying an additional 4,752 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 2.1%

Shares of BATS:MTUM opened at $230.77 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $171.51 and a 12 month high of $262.10. The company’s 50-day moving average price is $250.34 and its two-hundred day moving average price is $251.65. The firm has a market cap of $16.85 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.