Scarborough Advisors LLC trimmed its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 33.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 44,839 shares of the company’s stock after selling 22,123 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises about 1.7% of Scarborough Advisors LLC’s portfolio, making the stock its 14th biggest holding. Scarborough Advisors LLC owned approximately 0.06% of iShares MSCI USA Momentum Factor ETF worth $14,565,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of MTUM. Novem Group lifted its position in iShares MSCI USA Momentum Factor ETF by 53.6% during the second quarter. Novem Group now owns 9,149 shares of the company’s stock worth $3,137,000 after purchasing an additional 3,192 shares during the period. Opal Wealth Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 85.3% during the second quarter. Opal Wealth Advisors LLC now owns 741 shares of the company’s stock worth $254,000 after buying an additional 341 shares in the last quarter. Sound Income Strategies LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 6.7% in the 2nd quarter. Sound Income Strategies LLC now owns 10,001 shares of the company’s stock valued at $3,429,000 after buying an additional 629 shares during the period. IFP Advisors Inc increased its holdings in iShares MSCI USA Momentum Factor ETF by 79.4% in the 2nd quarter. IFP Advisors Inc now owns 31,818 shares of the company’s stock valued at $10,908,000 after buying an additional 14,085 shares during the period. Finally, Hansen & Associates Financial Group Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 32.1% in the 2nd quarter. Hansen & Associates Financial Group Inc. now owns 8,282 shares of the company’s stock valued at $2,664,000 after buying an additional 2,011 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Up 0.4%
Shares of iShares MSCI USA Momentum Factor ETF stock opened at $316.03 on Friday. The company has a market cap of $23.07 billion, a PE ratio of 28.67 and a beta of 1.02. The company has a 50 day moving average of $316.33 and a 200-day moving average of $285.07. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59.
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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
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