HBK Sorce Advisory LLC Decreases Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

HBK Sorce Advisory LLC lowered its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 21.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,684 shares of the company’s stock after selling 463 shares during the quarter. HBK Sorce Advisory LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $348,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Avantax Advisory Services Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 263.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 38,815 shares of the company’s stock worth $8,032,000 after purchasing an additional 28,121 shares during the period. Liberty Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $5,253,000. Farther Finance Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 926.5% during the 4th quarter. Farther Finance Advisors LLC now owns 13,067 shares of the company’s stock worth $2,704,000 after purchasing an additional 11,794 shares during the period. EverSource Wealth Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 1,061.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 778 shares of the company’s stock worth $161,000 after acquiring an additional 711 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $34,404,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $202.19 on Friday. The stock’s 50 day moving average price is $216.02 and its 200 day moving average price is $209.56. The firm has a market capitalization of $13.90 billion, a PE ratio of 27.42 and a beta of 0.99. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $229.77.

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.