Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Get Free Report) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $289.79 and traded as low as $280.58. iShares MSCI USA Momentum Factor ETF shares last traded at $284.10, with a volume of 1,382,616 shares changing hands.
iShares MSCI USA Momentum Factor ETF Trading Down 4.8%
The stock has a market cap of $20.74 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock’s 50 day moving average is $306.44 and its two-hundred day moving average is $289.79.
iShares MSCI USA Momentum Factor ETF’s stock is scheduled to split on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, November 4th.
Institutional Investors Weigh In On iShares MSCI USA Momentum Factor ETF
Several hedge funds have recently made changes to their positions in MTUM. Jmac Enterprises LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 0.3% in the third quarter. Jmac Enterprises LLC now owns 35,545 shares of the company’s stock valued at $11,280,000 after buying an additional 115 shares in the last quarter. Basso Capital Management L.P. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 65.4% in the 3rd quarter. Basso Capital Management L.P. now owns 20,591 shares of the company’s stock worth $6,534,000 after buying an additional 8,144 shares in the last quarter. Team Financial Group LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $147,000. Provenance Wealth Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 15,473.8% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 6,541 shares of the company’s stock valued at $2,076,000 after acquiring an additional 6,499 shares during the last quarter. Finally, Integrity Advisory Solutions LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 14.1% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 2,902 shares of the company’s stock valued at $921,000 after acquiring an additional 359 shares during the last quarter.
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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
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