iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Keystone Financial Group Inc.

Keystone Financial Group Inc. lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,450 shares of the company’s stock after selling 148 shares during the quarter. Keystone Financial Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $586,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mullooly Asset Management Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $2,162,511,000. Raymond James Financial Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 5.5% during the 1st quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock valued at $592,215,000 after buying an additional 151,872 shares during the last quarter. LPL Financial LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 0.3% during the 1st quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock valued at $396,197,000 after buying an additional 5,473 shares during the last quarter. Assetmark Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 3.5% during the 1st quarter. Assetmark Inc. now owns 1,812,820 shares of the company’s stock valued at $366,425,000 after buying an additional 61,915 shares during the last quarter. Finally, State of Michigan Retirement System grew its position in shares of iShares MSCI USA Momentum Factor ETF by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 1,295,090 shares of the company’s stock valued at $261,777,000 after buying an additional 4,200 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 21.6%

Shares of BATS:MTUM opened at $254.15 on Friday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99. The firm has a 50-day simple moving average of $247.84 and a 200 day simple moving average of $229.50. The company has a market cap of $18.55 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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.