iShares MSCI USA Momentum Factor ETF $MTUM Holdings Trimmed by Parker Investment Management LLC

Parker Investment Management LLC lowered its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,291 shares of the company’s stock after selling 2,038 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 0.2% of Parker Investment Management LLC’s portfolio, making the stock its 22nd biggest position. Parker Investment Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MTUM. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after purchasing an additional 1,094,104 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 59.7% during the 2nd quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock valued at $120,371,000 after buying an additional 193,332 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 15.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock valued at $295,986,000 after acquiring an additional 168,340 shares in the last quarter. AdvisorShares Investments LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 60.3% in the second quarter. AdvisorShares Investments LLC now owns 431,238 shares of the company’s stock worth $103,635,000 after acquiring an additional 162,186 shares during the last quarter. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 474.2% during the second quarter. Orion Porfolio Solutions LLC now owns 150,905 shares of the company’s stock worth $36,265,000 after acquiring an additional 124,622 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS MTUM opened at $258.36 on Tuesday. The stock has a market cap of $18.86 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business has a 50 day simple moving average of $253.54 and a 200 day simple moving average of $250.26. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week 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.