Perennial Investment Advisors LLC Sells 79 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Perennial Investment Advisors LLC cut its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,574 shares of the company’s stock after selling 79 shares during the quarter. Perennial Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $502,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 3.3% during the 4th 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. Blue Trust Inc. raised its position 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 valued at $232,257,000 after buying an additional 207,306 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 0.5% during the fourth quarter. Corient Private Wealth LLC now owns 656,220 shares of the company’s stock valued at $102,954,000 after buying an additional 3,269 shares during the last quarter. Symmetry Partners LLC lifted its holdings in shares of 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 buying an additional 208,691 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 12.2% during the fourth quarter. Wells Fargo & Company MN now owns 439,654 shares of the company’s stock worth $68,977,000 after acquiring an additional 47,792 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $197.13 on Wednesday. The company has a market cap of $10.67 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60. The firm’s fifty day moving average is $191.78 and its two-hundred day moving average is $189.06.

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.