Novem Group Sells 3,931 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Novem Group cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 43.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,218 shares of the company’s stock after selling 3,931 shares during the quarter. Novem Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sequoia Financial Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 6.7% in the second quarter. Sequoia Financial Advisors LLC now owns 103,852 shares of the company’s stock worth $35,604,000 after purchasing an additional 6,557 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. bought a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at $18,576,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 772.6% during the second quarter. Legacy Wealth Managment LLC ID now owns 4,293 shares of the company’s stock valued at $1,472,000 after purchasing an additional 3,801 shares in the last quarter. First Heartland Consultants Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 149.9% during the third quarter. First Heartland Consultants Inc. now owns 42,697 shares of the company’s stock valued at $13,550,000 after purchasing an additional 25,614 shares in the last quarter. Finally, Shah Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at $16,707,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock traded up $2.54 during trading on Monday, hitting $295.71. 935,683 shares of the company’s stock traded hands, compared to its average volume of 1,231,733. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The business has a 50-day simple moving average of $309.73 and a 200-day simple moving average of $304.39. The stock has a market capitalization of $21.59 billion, a P/E ratio of 28.67 and a beta of 1.02.

Shares of iShares MSCI USA Momentum Factor ETF are set to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

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.