Ergawealth Advisors Inc. Trims Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Ergawealth Advisors Inc. lessened its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,845 shares of the company’s stock after selling 123 shares during the period. Ergawealth Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL purchased a new position in iShares MSCI USA Momentum Factor ETF during the first quarter valued at $31,000. Fortis Capital Advisors LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 44.9% in the 1st quarter. Fortis Capital Advisors LLC now owns 271 shares of the company’s stock valued at $38,000 after buying an additional 84 shares in the last quarter. Baker Avenue Asset Management LP boosted its holdings in iShares MSCI USA Momentum Factor ETF by 46.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock worth $39,000 after buying an additional 89 shares during the last quarter. Sound Income Strategies LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 281.5% during the 4th quarter. Sound Income Strategies LLC now owns 248 shares of the company’s stock worth $39,000 after buying an additional 183 shares in the last quarter. Finally, BluePath Capital Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $41,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM traded down $3.12 during trading on Tuesday, reaching $180.78. The stock had a trading volume of 1,192,256 shares. The business has a fifty day moving average price of $183.18 and a 200-day moving average price of $162.44. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The stock has a market cap of $9.92 billion, a PE ratio of 19.19 and a beta of 1.10.

About iShares MSCI USA Momentum Factor ETF

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.