iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by BridgePort Financial Solutions LLC

BridgePort Financial Solutions LLC trimmed its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 10.3% during the second quarter, HoldingsChannel reports. The fund owned 3,789 shares of the company’s stock after selling 434 shares during the quarter. BridgePort Financial Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $911,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Firethorn Wealth Partners LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.8% during the second quarter. Firethorn Wealth Partners LLC now owns 3,644 shares of the company’s stock worth $876,000 after acquiring an additional 167 shares during the period. USAdvisors Wealth Management LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 859.4% during the second quarter. USAdvisors Wealth Management LLC now owns 1,372 shares of the company’s stock worth $330,000 after acquiring an additional 1,229 shares during the period. NTV Asset Management LLC grew its position in iShares MSCI USA Momentum Factor ETF by 1.7% during the second quarter. NTV Asset Management LLC now owns 7,805 shares of the company’s stock worth $1,876,000 after buying an additional 130 shares during the period. Fairvoy Private Wealth LLC grew its position in iShares MSCI USA Momentum Factor ETF by 3.2% during the second quarter. Fairvoy Private Wealth LLC now owns 17,589 shares of the company’s stock worth $4,227,000 after buying an additional 540 shares during the period. Finally, New Century Financial Group LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth about $420,000.

iShares MSCI USA Momentum Factor ETF Trading Up 21.6%

Shares of MTUM opened at $254.15 on Friday. The firm’s 50-day moving average is $247.84 and its two-hundred day moving average is $229.67. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The firm has a market capitalization of $18.55 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.