Sovereign Financial Group Inc. Trims Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Sovereign Financial Group Inc. trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 29.0% in the 4th quarter, HoldingsChannel reports. The firm owned 3,486 shares of the company’s stock after selling 1,426 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.2% in the third quarter. Envestnet Asset Management Inc. now owns 6,913,845 shares of the company’s stock worth $965,864,000 after purchasing an additional 277,017 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock worth $914,424,000 after purchasing an additional 317,802 shares during the last quarter. Assetmark Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 9.5% during the third quarter. Assetmark Inc. now owns 1,584,283 shares of the company’s stock valued at $221,324,000 after acquiring an additional 137,311 shares in the last quarter. CWM LLC raised its position in iShares MSCI USA Momentum Factor ETF by 9.3% during the fourth quarter. CWM LLC now owns 1,134,217 shares of the company’s stock valued at $177,947,000 after acquiring an additional 96,845 shares in the last quarter. Finally, Savant Capital LLC raised its position in iShares MSCI USA Momentum Factor ETF by 10.0% during the fourth quarter. Savant Capital LLC now owns 1,108,786 shares of the company’s stock valued at $173,957,000 after acquiring an additional 100,463 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock traded down $0.15 during trading on Tuesday, hitting $183.61. 1,636,370 shares of the company traded hands. The stock’s 50-day simple moving average is $183.59 and its 200 day simple moving average is $166.75. The company has a market cap of $9.94 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60.

iShares MSCI USA Momentum Factor ETF 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.