Magnus Financial Group LLC Has $1.68 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Magnus Financial Group LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 31.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,724 shares of the company’s stock after selling 3,092 shares during the period. Magnus Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Everpar Advisors LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 190.4% in the fourth quarter. Everpar Advisors LLC now owns 5,314 shares of the company’s stock valued at $1,330,000 after buying an additional 3,484 shares during the period. Orgel Wealth Management LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 1.9% during the fourth quarter. Orgel Wealth Management LLC now owns 676,461 shares of the company’s stock valued at $169,325,000 after acquiring an additional 12,400 shares during the period. Harbor Investment Advisory LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 45.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 225 shares of the company’s stock valued at $56,000 after acquiring an additional 70 shares during the period. Retirement Wealth Solutions LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 56.4% in the 4th quarter. Retirement Wealth Solutions LLC now owns 6,050 shares of the company’s stock valued at $1,514,000 after acquiring an additional 2,181 shares in the last quarter. Finally, Lakeridge Wealth Management LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 12.7% in the 4th quarter. Lakeridge Wealth Management LLC now owns 992 shares of the company’s stock valued at $248,000 after acquiring an additional 112 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 2.2%

Shares of MTUM stock opened at $241.52 on Monday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $171.51 and a 12 month high of $262.10. The company has a market capitalization of $17.63 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock has a 50 day moving average of $252.45 and a two-hundred day moving average of $252.01.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.