Integrated Advisors Network LLC cut its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 90.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 973 shares of the company’s stock after selling 8,840 shares during the period. Integrated Advisors Network LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $309,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in MTUM. State of Michigan Retirement System raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.1% in the first quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after purchasing an additional 52,800 shares during the last quarter. Orgel Wealth Management LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 27.0% during the third quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock worth $271,091,000 after buying an additional 181,536 shares in the last quarter. Cetera Investment Advisers grew its holdings in iShares MSCI USA Momentum Factor ETF by 0.7% during the first quarter. Cetera Investment Advisers now owns 611,551 shares of the company’s stock worth $146,766,000 after buying an additional 4,261 shares in the last quarter. Janney Montgomery Scott LLC raised its position in iShares MSCI USA Momentum Factor ETF by 5.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 601,408 shares of the company’s stock valued at $144,332,000 after buying an additional 28,887 shares during the last quarter. Finally, Royal Bank of Canada raised its position in iShares MSCI USA Momentum Factor ETF by 5.6% in the 1st quarter. Royal Bank of Canada now owns 507,713 shares of the company’s stock valued at $121,845,000 after buying an additional 26,884 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Up 0.3%
Shares of BATS:MTUM opened at $289.45 on Friday. The stock’s fifty day simple moving average is $307.84 and its two-hundred day simple moving average is $305.70. iShares MSCI USA Momentum Factor ETF has a 1-year low of $229.42 and a 1-year high of $345.59. The stock has a market cap of $21.13 billion, a PE ratio of 28.67 and a beta of 1.02.
iShares MSCI USA Momentum Factor ETF’s stock is going to split on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, November 4th.
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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.
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