QRG Capital Management Inc. decreased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 61.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,330 shares of the company’s stock after selling 2,119 shares during the quarter. QRG Capital Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $319,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in MTUM. Arcadia Wealth Management LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 30.8% in the first quarter. Arcadia Wealth Management LLC now owns 1,892 shares of the company’s stock valued at $454,000 after buying an additional 445 shares during the last quarter. World Investment Advisors increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.5% in the 1st quarter. World Investment Advisors now owns 32,976 shares of the company’s stock valued at $7,914,000 after acquiring an additional 1,116 shares during the period. PAX Financial Group LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 14.1% in the 1st quarter. PAX Financial Group LLC now owns 46,025 shares of the company’s stock valued at $11,046,000 after acquiring an additional 5,683 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $26,000. Finally, Elevation Point Wealth Partners LLC raised its position in iShares MSCI USA Momentum Factor ETF by 24.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 51,988 shares of the company’s stock valued at $12,476,000 after purchasing an additional 10,375 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Stock Up 0.2%
BATS:MTUM traded up $0.57 during trading hours on Friday, reaching $321.77. 1,102,428 shares of the company’s stock were exchanged, compared to its average volume of 1,094,758. The firm has a market capitalization of $23.49 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company has a 50-day moving average of $315.79 and a 200 day moving average of $276.16. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59.
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.
Read More
- Five stocks we like better than iShares MSCI USA Momentum Factor ETF
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
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.
