NorthRock Partners LLC lowered its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 9.1% during the second quarter, Holdings Channel reports. The firm owned 56,748 shares of the company’s stock after selling 5,681 shares during the period. NorthRock Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $19,455,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Cary Street Partners Financial LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth about $25,000. Financial Network Wealth Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 67 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $26,000. Finally, Indiana Trust & Investment Management Co acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $26,000.
iShares MSCI USA Momentum Factor ETF Stock Performance
Shares of MTUM stock opened at $308.69 on Wednesday. The stock’s 50 day simple moving average is $308.25 and its 200 day simple moving average is $291.48. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The company has a market capitalization of $22.53 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.
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.
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