iShares MSCI USA Momentum Factor ETF $MTUM is 1900 Wealth Management LLC’s 9th Largest Position

1900 Wealth Management LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,378 shares of the company’s stock after selling 1,750 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 2.5% of 1900 Wealth Management LLC’s holdings, making the stock its 9th largest holding. 1900 Wealth Management LLC owned approximately 0.19% of iShares MSCI USA Momentum Factor ETF worth $32,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000. Compass Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $30,000. Cornerstone Planning Group LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 87 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $33,000. Finally, Harbor Investment Advisory LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 262.2% in the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after purchasing an additional 118 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $255.72 on Friday. The business has a 50 day simple moving average of $247.58 and a 200-day simple moving average of $229.33. The firm has a market capitalization of $18.67 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $240.99.

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.