iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 50.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 368,314 shares of the company’s stock after selling 370,819 shares during the period. Goldman Sachs Group Inc. owned about 0.50% of iShares MSCI USA Momentum Factor ETF worth $92,193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.1% in the third quarter. Raymond James Financial Inc. now owns 3,063,251 shares of the company’s stock worth $785,571,000 after acquiring an additional 120,851 shares in the last quarter. Assetmark Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after acquiring an additional 37,278 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.4% in the third quarter. Ameriprise Financial Inc. now owns 1,321,883 shares of the company’s stock worth $339,023,000 after acquiring an additional 90,841 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.2% in the fourth quarter. State of Michigan Retirement System now owns 1,287,290 shares of the company’s stock worth $322,222,000 after acquiring an additional 63,800 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 9.6% in the fourth quarter. Blue Trust Inc. now owns 1,242,390 shares of the company’s stock worth $310,983,000 after acquiring an additional 108,825 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 1.1%

BATS:MTUM opened at $311.63 on Wednesday. The company has a fifty day simple moving average of $286.61 and a two-hundred day simple moving average of $263.66. The company has a market cap of $22.75 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.29 and a 52 week high of $331.49.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.