Jmac Enterprises LLC Cuts Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Jmac Enterprises LLC lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,589 shares of the company’s stock after selling 1,334 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 1.9% of Jmac Enterprises LLC’s holdings, making the stock its 19th largest holding. Jmac Enterprises LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $8,793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $264,000. First National Bank & Trust Co. of Newtown lifted its position in iShares MSCI USA Momentum Factor ETF by 15.7% in the 2nd quarter. First National Bank & Trust Co. of Newtown now owns 5,595 shares of the company’s stock valued at $1,345,000 after acquiring an additional 760 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at approximately $220,286,000. Parsons Capital Management Inc. RI lifted its position in iShares MSCI USA Momentum Factor ETF by 21.5% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 1,583 shares of the company’s stock valued at $380,000 after acquiring an additional 280 shares in the last quarter. Finally, Benchmark Wealth Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 21.3% in the 2nd quarter. Benchmark Wealth Management LLC now owns 4,362 shares of the company’s stock valued at $1,048,000 after acquiring an additional 766 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 22.4%

MTUM stock opened at $255.72 on Friday. The stock has a market capitalization of $18.67 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The stock’s 50 day simple moving average is $247.58 and its 200 day simple moving average is $229.33.

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.