Pettinga Financial Advisors LLC lessened its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 28.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,384 shares of the company’s stock after selling 16,805 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for approximately 2.3% of Pettinga Financial Advisors LLC’s portfolio, making the stock its 13th largest holding. Pettinga Financial Advisors LLC owned about 0.06% of iShares MSCI USA Momentum Factor ETF worth $14,188,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in MTUM. Corient Private Wealth LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after purchasing an additional 1,332,181 shares during the last quarter. LPL Financial LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after purchasing an additional 652,414 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 32.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after purchasing an additional 280,192 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 55.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after buying an additional 256,639 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 25.3% during the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after buying an additional 230,310 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
BATS:MTUM opened at $309.32 on Monday. The business has a 50 day moving average of $317.36 and a 200 day moving average of $283.48. The company has a market capitalization of $22.58 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. 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.
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