iShares MSCI USA Momentum Factor ETF $MTUM Stock Sold by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 114,635 shares of the company’s stock after selling 2,291 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 12.4% of Stonehearth Capital Management LLC’s holdings, making the stock its largest position. Stonehearth Capital Management LLC owned about 0.16% of iShares MSCI USA Momentum Factor ETF worth $36,378,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MTUM. Turtle Creek Wealth Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $26,000. Indiana Trust & Investment Management Co bought a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000. Fairway Wealth LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $36,000. Morling Financial Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $50,000. Finally, Montgomery Financial Services LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $62,000.

iShares MSCI USA Momentum Factor ETF Stock Down 0.6%

MTUM opened at $313.11 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The business has a 50 day moving average of $310.29 and a 200-day moving average of $303.01. The stock has a market cap of $22.86 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

Shares of iShares MSCI USA Momentum Factor ETF are going to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.