Waterloo Capital L.P. Decreases Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Waterloo Capital L.P. cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 45.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,575 shares of the company’s stock after selling 2,118 shares during the period. Waterloo Capital L.P.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $502,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTUM. Mercer Global Advisors Inc. ADV increased its stake in iShares MSCI USA Momentum Factor ETF by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after purchasing an additional 213,637 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock valued at $1,120,677,000 after purchasing an additional 229,231 shares during the last quarter. Blue Trust Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 20.1% in the first quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock valued at $232,257,000 after buying an additional 207,306 shares in the last quarter. Symmetry Partners LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 62.7% during the 2nd quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock worth $105,479,000 after buying an additional 208,691 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 12.2% in the 4th quarter. Wells Fargo & Company MN now owns 439,654 shares of the company’s stock worth $68,977,000 after buying an additional 47,792 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 0.3 %

Shares of BATS MTUM opened at $196.55 on Thursday. The company’s 50-day moving average price is $191.68 and its 200 day moving average price is $189.11. 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 cap of $10.64 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10.

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.