Royal Fund Management LLC Sells 10,857 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Royal Fund Management LLC reduced its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 25.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,095 shares of the company’s stock after selling 10,857 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for about 1.0% of Royal Fund Management LLC’s holdings, making the stock its 27th biggest position. Royal Fund Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,996,000 as of its most recent SEC filing.

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

iShares MSCI USA Momentum Factor ETF Trading Up 23.7%

BATS MTUM opened at $258.42 on Monday. The business has a fifty day simple moving average of $250.80 and a 200 day simple moving average of $248.77. iShares MSCI USA Momentum Factor ETF has a 12 month low of $168.49 and a 12 month high of $240.99. The firm 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 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.