LifeSteps Financial Inc. Sells 166 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

LifeSteps Financial Inc. cut its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,876 shares of the company’s stock after selling 166 shares during the quarter. LifeSteps Financial Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $379,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 58.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock valued at $2,608,970,000 after purchasing an additional 4,651,707 shares during the last quarter. Raymond James Financial Inc. bought a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $574,824,000. LPL Financial LLC raised its position in iShares MSCI USA Momentum Factor ETF by 215.4% in the fourth quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock valued at $404,454,000 after purchasing an additional 1,334,851 shares during the last quarter. Assetmark Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 3.4% in the fourth quarter. Assetmark Inc. now owns 1,750,905 shares of the company’s stock valued at $362,297,000 after purchasing an additional 57,922 shares during the last quarter. Finally, Bank of America Corp DE raised its position in iShares MSCI USA Momentum Factor ETF by 25.2% in the fourth quarter. Bank of America Corp DE now owns 1,528,601 shares of the company’s stock valued at $316,298,000 after purchasing an additional 308,078 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 12.5%

Shares of MTUM stock opened at $235.21 on Thursday. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The stock has a 50-day moving average of $222.64 and a 200-day moving average of $214.57. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $237.77.

iShares MSCI USA Momentum Factor ETF 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.