Cozad Asset Management Inc. Sells 4,157 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Cozad Asset Management Inc. lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,188 shares of the company’s stock after selling 4,157 shares during the quarter. Cozad Asset Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,266,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MTUM. RHS Financial LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 38.9% in the 3rd quarter. RHS Financial LLC now owns 23,723 shares of the company’s stock worth $3,314,000 after purchasing an additional 6,640 shares during the period. Patton Albertson Miller Group LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $225,000. Strategic Investment Advisors MI bought a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at $4,174,000. Professional Financial Advisors LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 3.2% during the 3rd quarter. Professional Financial Advisors LLC now owns 24,872 shares of the company’s stock valued at $3,475,000 after acquiring an additional 771 shares during the period. Finally, WealthShield Partners LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 6.8% during the 3rd quarter. WealthShield Partners LLC now owns 3,421 shares of the company’s stock valued at $479,000 after acquiring an additional 218 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock traded up $0.06 during midday trading on Tuesday, reaching $179.74. 537,028 shares of the company’s stock traded hands. The company has a 50-day moving average price of $183.47 and a two-hundred day moving average price of $165.11. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The firm has a market capitalization of $9.87 billion, a PE ratio of 19.19 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.