iShares MSCI USA Momentum Factor ETF $MTUM Stake Cut by Orgel Wealth Management LLC

Orgel Wealth Management LLC cut its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 672,724 shares of the company’s stock after selling 10,975 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for approximately 4.4% of Orgel Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. Orgel Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $230,630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MTUM. Cary Street Partners Financial LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth $25,000. Triumph Capital Management purchased a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth $25,000. Financial Network Wealth Advisors LLC increased its position in 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 valued at $26,000 after buying an additional 67 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $26,000. Finally, Indiana Trust & Investment Management Co purchased a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at about $26,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $300.36 on Tuesday. The stock has a market cap of $21.93 billion, a PE ratio of 28.67 and a beta of 1.02. The stock has a 50-day moving average of $312.06 and a two-hundred day moving average of $289.38. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59.

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.