Sequoia Financial Advisors LLC Lowers Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Sequoia Financial Advisors LLC trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 15.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 139,903 shares of the company’s stock after selling 26,364 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $28,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTUM. Duncker Streett & Co. Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at $25,000. Mascagni Wealth Management Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $29,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $30,000. Mainstream Capital Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $31,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth $33,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $235.21 on Thursday. The firm has a market capitalization of $17.17 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $237.77. The company’s fifty day moving average is $222.64 and its two-hundred day moving average is $214.57.

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.