iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,381 shares of the company’s stock after selling 614 shares during the quarter. Shufro Rose & Co. LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,041,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Magnus Financial Group LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 42.5% during the fourth quarter. Magnus Financial Group LLC now owns 3,970 shares of the company’s stock worth $623,000 after acquiring an additional 1,184 shares during the period. Opinicus Capital Inc. acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $303,000. Consolidated Planning Corp increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 35.3% during the fourth quarter. Consolidated Planning Corp now owns 65,128 shares of the company’s stock worth $10,218,000 after acquiring an additional 17,004 shares during the period. Truist Financial Corp increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.1% during the fourth quarter. Truist Financial Corp now owns 37,445 shares of the company’s stock worth $5,875,000 after acquiring an additional 1,129 shares during the period. Finally, Simplex Trading LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $227,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock traded up $2.25 during trading on Friday, reaching $179.68. 421,929 shares of the company were exchanged. The company has a market cap of $9.86 billion, a P/E ratio of 19.19 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60. The stock’s 50 day moving average price is $183.42 and its 200 day moving average price is $164.69.

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.