Envestnet Portfolio Solutions Inc. Sells 157,762 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Envestnet Portfolio Solutions Inc. trimmed its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 22.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 548,612 shares of the company’s stock after selling 157,762 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 0.8% of Envestnet Portfolio Solutions Inc.’s holdings, making the stock its 29th biggest position. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $188,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTUM. LPL Financial LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after purchasing an additional 652,414 shares during the last quarter. Corient Private Wealth LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after purchasing an additional 1,332,181 shares during the last quarter. State of Michigan Retirement System lifted its stake in iShares MSCI USA Momentum Factor ETF by 4.1% in the first quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock valued at $321,608,000 after purchasing an additional 52,800 shares during the last quarter. Blue Trust Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 2.6% during the first quarter. Blue Trust Inc. now owns 1,274,963 shares of the company’s stock valued at $305,978,000 after purchasing an additional 32,573 shares during the period. Finally, Cerity Partners LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 0.4% during the fourth quarter. Cerity Partners LLC now owns 1,156,354 shares of the company’s stock valued at $289,447,000 after purchasing an additional 4,402 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM traded down $0.95 during trading hours on Wednesday, reaching $316.95. The stock had a trading volume of 2,523,134 shares, compared to its average volume of 1,253,451. The stock has a 50 day simple moving average of $305.87 and a 200 day simple moving average of $295.30. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The stock has a market cap of $23.14 billion, a P/E 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.