Apella Capital LLC Has $33.28 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Apella Capital LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,937 shares of the company’s stock after selling 19,653 shares during the period. Apella Capital LLC owned approximately 0.18% of iShares MSCI USA Momentum Factor ETF worth $33,275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 31.7% during the 4th quarter. Flagship Harbor Advisors LLC now owns 9,229 shares of the company’s stock worth $2,310,000 after buying an additional 2,224 shares in the last quarter. Portside Wealth Group LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 6.3% during the 4th quarter. Portside Wealth Group LLC now owns 1,102 shares of the company’s stock worth $276,000 after buying an additional 65 shares in the last quarter. Jmac Enterprises LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 2.0% during the 4th quarter. Jmac Enterprises LLC now owns 37,741 shares of the company’s stock worth $9,447,000 after buying an additional 736 shares in the last quarter. Peddock Capital Advisors LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 14.7% during the 4th quarter. Peddock Capital Advisors LLC now owns 19,946 shares of the company’s stock worth $4,993,000 after buying an additional 2,563 shares in the last quarter. Finally, Lockerman Financial Group Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth about $226,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $247.69 on Tuesday. The company’s 50-day moving average price is $249.30 and its two-hundred day moving average price is $251.34. iShares MSCI USA Momentum Factor ETF has a one year low of $171.51 and a one year high of $262.10. The stock has a market capitalization of $18.08 billion, a PE ratio of 28.67 and a beta of 1.02.

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.