Well Done LLC Sells 1,229 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Well Done LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,254 shares of the company’s stock after selling 1,229 shares during the period. iShares MSCI USA Momentum Factor ETF makes up approximately 2.2% of Well Done LLC’s investment portfolio, making the stock its 7th largest position. Well Done LLC owned about 0.08% of iShares MSCI USA Momentum Factor ETF worth $11,847,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Johnson Investment Counsel Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 3.9% during the first quarter. Johnson Investment Counsel Inc. now owns 1,801 shares of the company’s stock worth $364,000 after buying an additional 67 shares in the last quarter. Marino Stram & Associates LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 3.0% during the first quarter. Marino Stram & Associates LLC now owns 6,443 shares of the company’s stock worth $1,302,000 after buying an additional 189 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 187.6% during the first quarter. Kingswood Wealth Advisors LLC now owns 110,157 shares of the company’s stock worth $22,419,000 after buying an additional 71,855 shares in the last quarter. Accelerate Investment Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 59.8% during the first quarter. Accelerate Investment Advisors LLC now owns 1,735 shares of the company’s stock worth $351,000 after buying an additional 649 shares in the last quarter. Finally, Shepherd Financial Partners LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $7,192,000.

iShares MSCI USA Momentum Factor ETF Stock Up 10.1%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $230.14 on Thursday. The company has a market capitalization of $16.87 billion, a price-to-earnings ratio of 28.96 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $234.78. The firm’s 50-day moving average price is $218.97 and its two-hundred day moving average price is $213.98.

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.