iShares MSCI USA Momentum Factor ETF $MTUM Position Cut by Vise Technologies Inc.

Vise Technologies Inc. reduced its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 42.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,041 shares of the company’s stock after selling 40,955 shares during the period. Vise Technologies Inc. owned 0.08% of iShares MSCI USA Momentum Factor ETF worth $17,784,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Orgel Wealth Management LLC raised its position in iShares MSCI USA Momentum Factor ETF by 27.0% during the third quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock valued at $271,091,000 after buying an additional 181,536 shares during the period. Ameritas Advisory Services LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 51.2% in the 2nd quarter. Ameritas Advisory Services LLC now owns 192,185 shares of the company’s stock valued at $65,887,000 after buying an additional 65,103 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at $18,576,000. State of Michigan Retirement System boosted its holdings in iShares MSCI USA Momentum Factor ETF by 4.1% during the first quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after buying an additional 52,800 shares during the last quarter. Finally, Davidson Investment Advisors acquired a new position in iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $16,799,000.

iShares MSCI USA Momentum Factor ETF Stock Down 4.8%

BATS MTUM opened at $284.10 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The company has a market capitalization of $20.74 billion, a PE ratio of 28.67 and a beta of 1.02. The firm’s 50 day moving average is $306.44 and its 200-day moving average is $289.79.

Shares of iShares MSCI USA Momentum Factor ETF are scheduled to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Wednesday, November 4th.

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.