Elm3 Financial Group LLC Sells 3,130 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Elm3 Financial Group LLC decreased its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 14.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,936 shares of the company’s stock after selling 3,130 shares during the period. iShares MSCI USA Momentum Factor ETF makes up approximately 3.6% of Elm3 Financial Group LLC’s holdings, making the stock its 7th largest position. Elm3 Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $4,310,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bison Wealth LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after acquiring an additional 133 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 17,512.3% in the first quarter. GAMMA Investing LLC now owns 30,117 shares of the company’s stock valued at $6,088,000 after purchasing an additional 29,946 shares during the period. UMB Bank n.a. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 144.9% during the first quarter. UMB Bank n.a. now owns 5,352 shares of the company’s stock worth $1,082,000 after purchasing an additional 3,167 shares during the last quarter. Capital Investment Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 36.6% during the first quarter. Capital Investment Advisors LLC now owns 2,282 shares of the company’s stock worth $461,000 after purchasing an additional 611 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 185.8% during the first quarter. Farther Finance Advisors LLC now owns 37,343 shares of the company’s stock worth $7,601,000 after purchasing an additional 24,276 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $254.28 on Tuesday. The firm has a market cap of $18.56 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm’s fifty day moving average price is $248.11 and its 200 day moving average price is $230.21. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year high of $240.99.

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.