iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 49.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 456,395 shares of the company’s stock after selling 444,947 shares during the period. Citigroup Inc. owned about 0.63% of iShares MSCI USA Momentum Factor ETF worth $109,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Allworth Financial LP grew its position in shares of iShares MSCI USA Momentum Factor ETF by 88.4% in the second quarter. Allworth Financial LP now owns 18,613 shares of the company’s stock valued at $4,473,000 after purchasing an additional 8,731 shares during the period. Symmetry Partners LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 7.7% during the 2nd quarter. Symmetry Partners LLC now owns 220,864 shares of the company’s stock worth $53,078,000 after purchasing an additional 15,774 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in iShares MSCI USA Momentum Factor ETF by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 219,172 shares of the company’s stock valued at $52,671,000 after buying an additional 4,086 shares in the last quarter. AE Wealth Management LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 3.2% in the 2nd quarter. AE Wealth Management LLC now owns 95,876 shares of the company’s stock worth $23,041,000 after buying an additional 3,008 shares during the last quarter. Finally, Fortune Financial Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 46.2% during the 2nd quarter. Fortune Financial Advisors LLC now owns 2,029 shares of the company’s stock worth $488,000 after buying an additional 641 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $242.22 on Wednesday. The stock has a market capitalization of $17.68 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a 50 day simple moving average of $253.20 and a two-hundred day simple moving average of $242.22. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99.

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.