Eldridge Investment Advisors Inc. Lowers Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Eldridge Investment Advisors Inc. decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 77.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,150 shares of the company’s stock after selling 20,974 shares during the quarter. Eldridge Investment Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baker Avenue Asset Management LP lifted its stake in iShares MSCI USA Momentum Factor ETF by 46.8% in the third quarter. Baker Avenue Asset Management LP now owns 279 shares of the company’s stock worth $39,000 after acquiring an additional 89 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of 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 buying an additional 183 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $41,000. Provence Wealth Management Group acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $54,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 83.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 576 shares of the company’s stock valued at $80,000 after acquiring an additional 262 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Down 1.0 %

Shares of iShares MSCI USA Momentum Factor ETF stock traded down $1.82 during trading on Thursday, reaching $175.29. The company’s stock had a trading volume of 910,062 shares. The company has a 50-day moving average price of $183.54 and a two-hundred day moving average price of $165.44. The firm has a market cap of $9.49 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60.

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.