Empirical Financial Services LLC d.b.a. Empirical Wealth Management Reduces Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Empirical Financial Services LLC d.b.a. Empirical Wealth Management decreased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 974,177 shares of the company’s stock after selling 56,543 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 4.3% of Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings, making the stock its 4th biggest position. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned about 1.33% of iShares MSCI USA Momentum Factor ETF worth $243,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Caprock Group LLC bought a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $3,283,000. Acropolis Investment Management LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.5% during the third quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock worth $32,361,000 after acquiring an additional 5,813 shares during the period. Strategic Blueprint LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 18.9% during the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock worth $7,713,000 after acquiring an additional 4,790 shares during the period. Braun Bostich & Associates Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 63.4% in the fourth quarter. Braun Bostich & Associates Inc. now owns 11,497 shares of the company’s stock valued at $2,878,000 after purchasing an additional 4,463 shares during the last quarter. Finally, Beacon Financial Group grew its position in shares of iShares MSCI USA Momentum Factor ETF by 11.0% in the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock valued at $5,696,000 after purchasing an additional 2,203 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 2.2%

Shares of BATS MTUM opened at $245.24 on Thursday. The firm has a market cap of $17.90 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s 50 day moving average is $249.89 and its 200-day moving average is $251.51. iShares MSCI USA Momentum Factor ETF has a 1-year low of $171.51 and a 1-year high of $262.10.

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.