Donaldson Capital Management LLC Cuts Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Donaldson Capital Management LLC cut its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,958 shares of the company’s stock after selling 954 shares during the period. Donaldson Capital Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Tyche Wealth Partners LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.7% in the third quarter. Tyche Wealth Partners LLC now owns 2,533 shares of the company’s stock worth $514,000 after buying an additional 66 shares during the last quarter. Eagle Strategies LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Eagle Strategies LLC now owns 3,024 shares of the company’s stock valued at $613,000 after buying an additional 77 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 16.8% in the third quarter. Bogart Wealth LLC now owns 541 shares of the company’s stock worth $110,000 after acquiring an additional 78 shares during the last quarter. Regal Investment Advisors LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 3.3% during the second quarter. Regal Investment Advisors LLC now owns 2,652 shares of the company’s stock worth $517,000 after acquiring an additional 85 shares during the last quarter. Finally, Shore Point Advisors LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 1.9% in the third quarter. Shore Point Advisors LLC now owns 4,731 shares of the company’s stock valued at $959,000 after purchasing an additional 86 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 0.4 %

Shares of MTUM opened at $201.70 on Monday. The stock has a fifty day simple moving average of $200.89 and a two-hundred day simple moving average of $193.41. The company has a market capitalization of $10.92 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60.

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.