iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,001,260 shares of the company’s stock after selling 17,593 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 1.37% of iShares MSCI USA Momentum Factor ETF worth $254,821,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTUM. Envestnet Asset Management Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after buying an additional 1,094,104 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.4% during the 2nd quarter. Raymond James Financial Inc. now owns 2,942,400 shares of the company’s stock worth $707,117,000 after acquiring an additional 12,526 shares in the last quarter. Assetmark Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.4% in the 2nd quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock worth $445,958,000 after acquiring an additional 42,864 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 15.8% during the second quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock worth $295,986,000 after purchasing an additional 168,340 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.7% during the second quarter. Blue Trust Inc. now owns 1,210,478 shares of the company’s stock valued at $290,902,000 after purchasing an additional 8,459 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 23.7%

Shares of MTUM opened at $258.42 on Monday. The business’s 50-day moving average price is $250.80 and its 200 day moving average price is $248.77. The stock has a market capitalization of $18.86 billion, a P/E ratio of 28.67 and a beta of 1.02. 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.