Opes Wealth Management LLC Cuts Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Opes Wealth Management LLC reduced its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,062 shares of the company’s stock after selling 581 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 1.7% of Opes Wealth Management LLC’s holdings, making the stock its 16th largest position. Opes Wealth Management LLC owned about 0.07% of iShares MSCI USA Momentum Factor ETF worth $7,227,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $31,000. Sound Income Strategies LLC increased its position 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 purchasing an additional 183 shares in the last quarter. Fortis Capital Advisors LLC increased its position in iShares MSCI USA Momentum Factor ETF by 44.9% during the 1st quarter. Fortis Capital Advisors LLC now owns 271 shares of the company’s stock worth $38,000 after purchasing an additional 84 shares in the last quarter. Baker Avenue Asset Management LP raised its stake 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 valued at $39,000 after purchasing an additional 89 shares during the last quarter. Finally, BluePath Capital Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $41,000.

iShares MSCI USA Momentum Factor ETF Trading Down 0.6 %

Shares of iShares MSCI USA Momentum Factor ETF stock traded down $1.10 during mid-day trading on Thursday, hitting $178.12. 947,895 shares of the stock were exchanged. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 19.19 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The company has a 50-day simple moving average of $183.44 and a 200 day simple moving average of $162.85.

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.