Park Avenue Securities LLC reduced its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 93.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 41,364 shares of the company’s stock after selling 598,574 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $13,126,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth $26,000. Indiana Trust & Investment Management Co acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth $26,000. YANKCOM Partnership bought a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $31,000. Fairway Wealth LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $36,000. Finally, Morling Financial Advisors LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $50,000.
iShares MSCI USA Momentum Factor ETF Trading Up 1.7%
Shares of BATS MTUM opened at $299.53 on Wednesday. The firm has a market cap of $21.87 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 $229.42 and a 1-year high of $345.59. The company has a fifty day moving average price of $307.18 and a 200 day moving average price of $289.21.
Shares of iShares MSCI USA Momentum Factor ETF are going to split on the morning of 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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