Belpointe Asset Management LLC Lowers Position in iShares MSCI USA Momentum Factor ETF $MTUM

Belpointe Asset Management LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 46.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,294 shares of the company’s stock after selling 3,756 shares during the quarter. Belpointe Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,075,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Beacon Bridge Wealth Partners LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 78.3% in the fourth quarter. Beacon Bridge Wealth Partners LLC now owns 22,617 shares of the company’s stock worth $5,661,000 after acquiring an additional 9,932 shares during the period. Berkshire Money Management Inc. lifted its stake in iShares MSCI USA Momentum Factor ETF by 16.2% in the fourth quarter. Berkshire Money Management Inc. now owns 13,878 shares of the company’s stock worth $3,474,000 after acquiring an additional 1,931 shares during the period. 5T Wealth LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 16.4% in the fourth quarter. 5T Wealth LLC now owns 15,935 shares of the company’s stock worth $3,988,000 after acquiring an additional 2,246 shares during the period. Global Financial Private Client LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $280,000. Finally, Symmetry Partners LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 71.8% in the fourth quarter. Symmetry Partners LLC now owns 416,566 shares of the company’s stock worth $104,271,000 after acquiring an additional 174,074 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $275.99 on Thursday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $199.71 and a 1-year high of $276.14. The company has a 50-day moving average of $252.16 and a 200 day moving average of $252.34. The firm has a market cap of $20.15 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.