Csenge Advisory Group trimmed its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 52.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,779 shares of the company’s stock after selling 16,369 shares during the quarter. Csenge Advisory Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,690,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the business. Sequoia Financial Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 6.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 103,852 shares of the company’s stock valued at $35,604,000 after buying an additional 6,557 shares during the last quarter. Legacy Wealth Managment LLC ID grew its position in shares of iShares MSCI USA Momentum Factor ETF by 772.6% during the second quarter. Legacy Wealth Managment LLC ID now owns 4,293 shares of the company’s stock worth $1,472,000 after buying an additional 3,801 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth approximately $18,576,000. First Heartland Consultants Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 149.9% in the third quarter. First Heartland Consultants Inc. now owns 42,697 shares of the company’s stock worth $13,550,000 after buying an additional 25,614 shares during the last quarter. Finally, Shah Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth $16,707,000.
iShares MSCI USA Momentum Factor ETF Price Performance
MTUM opened at $66.73 on Wednesday. The stock has a market capitalization of $16.59 billion, a PE ratio of 20.77 and a beta of 1.09. The firm’s fifty day moving average price is $75.36 and its 200 day moving average price is $72.54. iShares MSCI USA Momentum Factor ETF has a 12-month low of $57.35 and a 12-month high of $86.40.
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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