HBW Advisory Services LLC Sells 1,889 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

HBW Advisory Services LLC cut its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 45.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,273 shares of the company’s stock after selling 1,889 shares during the quarter. HBW Advisory Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $461,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Traction Financial Partners LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $323,000. QRG Capital Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $329,000. Barometer Capital Management Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at about $408,000. Blair William & Co. IL boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 7.8% during the first quarter. Blair William & Co. IL now owns 7,919 shares of the company’s stock worth $1,484,000 after purchasing an additional 571 shares during the period. Finally, New Hampshire Trust bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth about $205,000.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM traded up $1.96 during midday trading on Friday, reaching $203.76. 359,964 shares of the company’s stock traded hands. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm has a fifty day moving average of $193.69 and a two-hundred day moving average of $190.49.

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.