GDS Wealth Management Reduces Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

GDS Wealth Management lowered its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,315 shares of the company’s stock after selling 88 shares during the period. GDS Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $363,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MTUM. Peddock Capital Advisors LLC increased its position in iShares MSCI USA Momentum Factor ETF by 14.3% during the fourth quarter. Peddock Capital Advisors LLC now owns 9,688 shares of the company’s stock worth $1,520,000 after purchasing an additional 1,215 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of iShares MSCI USA Momentum Factor ETF by 4.3% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 819,829 shares of the company’s stock valued at $128,623,000 after buying an additional 33,816 shares during the period. Apollon Wealth Management LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 28.1% in the fourth quarter. Apollon Wealth Management LLC now owns 8,185 shares of the company’s stock valued at $1,284,000 after acquiring an additional 1,794 shares during the last quarter. Private Advisor Group LLC grew its position in iShares MSCI USA Momentum Factor ETF by 2.5% in the fourth quarter. Private Advisor Group LLC now owns 70,815 shares of the company’s stock worth $11,111,000 after acquiring an additional 1,737 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 3.9% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,671 shares of the company’s stock worth $262,000 after acquiring an additional 63 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM traded up $0.38 during mid-day trading on Thursday, reaching $184.29. 471,799 shares of the company’s stock were exchanged. The company’s 50-day moving average is $183.71 and its 200-day moving average is $167.00. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of 18.53 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.

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.