Journey Advisory Group LLC Lowers Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Journey Advisory Group LLC lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,587 shares of the company’s stock after selling 2,612 shares during the period. iShares MSCI USA Momentum Factor ETF makes up approximately 1.3% of Journey Advisory Group LLC’s portfolio, making the stock its 23rd biggest holding. Journey Advisory Group LLC owned about 0.08% of iShares MSCI USA Momentum Factor ETF worth $14,780,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mercer Global Advisors Inc. ADV increased its stake in iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock valued at $1,958,649,000 after buying an additional 229,850 shares during the period. LPL Financial LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after acquiring an additional 652,414 shares during the period. Raymond James Financial Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 5.0% in the 4th quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after acquiring an additional 152,723 shares during the period. Corient Private Wealth LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after acquiring an additional 1,332,181 shares during the period. Finally, Assetmark Inc. boosted its holdings 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 valued at $376,068,000 after acquiring an additional 37,278 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 2.2%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $312.67 on Thursday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59. The company’s 50-day simple moving average is $317.25 and its 200-day simple moving average is $277.60. The firm has a market cap of $22.82 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF 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.