VestGen Advisors LLC trimmed its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 80.3% in the third quarter, HoldingsChannel reports. The firm owned 3,251 shares of the company’s stock after selling 13,274 shares during the period. VestGen Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,032,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. YANKCOM Partnership bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth $31,000. Fairway Wealth LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $36,000. Turtle Creek Wealth Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $26,000. Indiana Trust & Investment Management Co bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at $26,000. Finally, Morling Financial Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $50,000.
iShares MSCI USA Momentum Factor ETF Price Performance
BATS:MTUM opened at $284.10 on Friday. The firm has a 50-day moving average of $306.44 and a 200-day moving average of $289.79. The company has a market cap of $20.74 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59.
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 created shares will be payable to shareholders after the market closes on Wednesday, November 4th.
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.
Recommended Stories
- Five stocks we like better than iShares MSCI USA Momentum Factor ETF
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
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.
