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

Stonehearth Capital Management LLC lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,926 shares of the company’s stock after selling 7,076 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 13.7% of Stonehearth Capital Management LLC’s holdings, making the stock its biggest position. Stonehearth Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $40,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after purchasing an additional 1,332,181 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after purchasing an additional 652,414 shares during the period. JPMorgan Chase & Co. grew its position in iShares MSCI USA Momentum Factor ETF by 32.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after buying an additional 280,192 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 55.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after buying an additional 256,639 shares during the last quarter. Finally, CWM LLC grew its position in iShares MSCI USA Momentum Factor ETF by 25.3% in the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after buying an additional 230,310 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $308.17 on Friday. The stock has a market capitalization of $22.50 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The company’s fifty day moving average is $317.49 and its two-hundred day moving average is $283.12.

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.