Endeavor Private Wealth Inc. decreased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 12.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 14,206 shares of the company’s stock after selling 2,004 shares during the period. iShares MSCI USA Momentum Factor ETF comprises approximately 1.2% of Endeavor Private Wealth Inc.’s holdings, making the stock its 21st biggest position. Endeavor Private Wealth Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,870,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in MTUM. Beacon Financial Advisory LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the 1st quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock valued at $361,000 after buying an additional 36 shares in the last quarter. Clark Capital Management Group Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock worth $249,000 after acquiring an additional 41 shares during the period. Integrity Financial Corp WA raised its stake in iShares MSCI USA Momentum Factor ETF by 5.4% during the 4th quarter. Integrity Financial Corp WA now owns 843 shares of the company’s stock worth $211,000 after acquiring an additional 43 shares during the period. 1ST Source Bank lifted its holdings in iShares MSCI USA Momentum Factor ETF by 4.9% during the first quarter. 1ST Source Bank now owns 944 shares of the company’s stock valued at $227,000 after purchasing an additional 44 shares in the last quarter. Finally, Aegis Wealth Management Inc. lifted its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% during the first quarter. Aegis Wealth Management Inc. now owns 1,197 shares of the company’s stock valued at $287,000 after purchasing an additional 50 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
MTUM opened at $304.86 on Friday. The company has a 50 day simple moving average of $309.56 and a two-hundred day simple moving average of $290.44. The firm has a market cap of $22.25 billion, a P/E ratio of 28.67 and a beta of 1.02. 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.
Further Reading
- Five stocks we like better than iShares MSCI USA Momentum Factor ETF
- Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
- Is Duolingo the Next Netflix-Style Comeback Story?
- GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
- GTA VI’s Console Problem Isn’t Take-Two’s Problem
Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
Receive News & Ratings for iShares MSCI USA Momentum Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI USA Momentum Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
