iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Financial Life Advisors

Financial Life Advisors cut its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 18.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,077 shares of the company’s stock after selling 474 shares during the quarter. Financial Life Advisors’ holdings in iShares MSCI USA Momentum Factor ETF were worth $405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock valued at $1,120,677,000 after purchasing an additional 229,231 shares during the period. Assetmark Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 3.9% during the fourth quarter. Assetmark Inc. now owns 1,646,261 shares of the company’s stock worth $258,282,000 after buying an additional 61,978 shares in the last quarter. Blue Trust Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 20.1% during the first quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock worth $232,257,000 after buying an additional 207,306 shares during the period. Corient Private Wealth LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 0.5% in the fourth quarter. Corient Private Wealth LLC now owns 656,220 shares of the company’s stock valued at $102,954,000 after acquiring an additional 3,269 shares in the last quarter. Finally, Symmetry Partners LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 62.7% in the second quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock worth $105,479,000 after acquiring an additional 208,691 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.8 %

BATS MTUM opened at $196.76 on Monday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $81.37 and a 52 week high of $113.60. The firm has a 50 day moving average of $191.88 and a two-hundred day moving average of $188.88. The stock has a market capitalization of $10.65 billion, a PE ratio of 18.53 and a beta of 1.10.

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.