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

Opes Wealth Management LLC lowered its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,082 shares of the company’s stock after selling 2,255 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 1.7% of Opes Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. Opes Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MTUM. Envestnet Asset Management Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 3.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock valued at $1,120,677,000 after acquiring an additional 229,231 shares during the last quarter. Sculati Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $201,000. Traction Financial Partners LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at about $323,000. Franklin Resources Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 38.3% in the fourth quarter. Franklin Resources Inc. now owns 59,950 shares of the company’s stock valued at $9,406,000 after buying an additional 16,611 shares during the last quarter. Finally, TSA Wealth Managment LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $301,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $186.03 on Friday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The firm has a market capitalization of $10.07 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The stock’s 50-day simple moving average is $192.34 and its 200-day simple moving average is $188.25.

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.