Valmark Advisers Inc. Reduces Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Valmark Advisers Inc. decreased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,063 shares of the company’s stock after selling 2,285 shares during the period. Valmark Advisers Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,206,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sunesis Advisors LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth about $212,000. Golden State Equity Partners lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 46.0% during the third quarter. Golden State Equity Partners now owns 2,756 shares of the company’s stock worth $385,000 after purchasing an additional 868 shares during the period. Avestar Capital LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 405.9% during the third quarter. Avestar Capital LLC now owns 8,970 shares of the company’s stock worth $1,257,000 after purchasing an additional 7,197 shares during the period. Lodestone Wealth Management LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 44.6% in the third quarter. Lodestone Wealth Management LLC now owns 4,615 shares of the company’s stock valued at $645,000 after acquiring an additional 1,424 shares during the period. Finally, Capital Planning LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.8% in the third quarter. Capital Planning LLC now owns 37,750 shares of the company’s stock valued at $5,289,000 after acquiring an additional 1,372 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM traded up $2.25 during trading hours on Friday, reaching $179.68. The company had a trading volume of 421,929 shares. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The firm has a market cap of $9.86 billion, a PE ratio of 19.19 and a beta of 1.10. The business’s 50 day moving average price is $183.42 and its 200-day moving average price is $164.53.

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.