Mezzasalma Advisors LLC Reduces Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Mezzasalma Advisors LLC decreased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,257 shares of the company’s stock after selling 474 shares during the quarter. Mezzasalma Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $235,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mercer Global Advisors Inc. ADV raised its position in iShares MSCI USA Momentum Factor ETF by 5.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock worth $914,424,000 after buying an additional 317,802 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock worth $1,120,677,000 after buying an additional 229,231 shares during the last quarter. Invst LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the third quarter valued at approximately $24,213,000. Royal Bank of Canada lifted its holdings in iShares MSCI USA Momentum Factor ETF by 36.3% in the third quarter. Royal Bank of Canada now owns 509,623 shares of the company’s stock valued at $71,195,000 after acquiring an additional 135,609 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $17,092,000.

iShares MSCI USA Momentum Factor ETF Stock Up 0.8 %

Shares of BATS:MTUM traded up $1.66 during trading on Thursday, hitting $198.05. 502,911 shares of the stock traded hands. The company has a fifty day moving average price of $189.30 and a two-hundred day moving average price of $179.35. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 18.53 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.