iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Stake Lessened by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group decreased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,204 shares of the company’s stock after selling 214 shares during the period. Rehmann Capital Advisory Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $600,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock worth $1,120,677,000 after buying an additional 229,231 shares in the last quarter. Blue Trust Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 20.1% in the first quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock worth $232,257,000 after acquiring an additional 207,306 shares in the last quarter. Invst LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at about $24,213,000. Royal Bank of Canada grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 36.3% in the 3rd quarter. Royal Bank of Canada now owns 509,623 shares of the company’s stock worth $71,195,000 after purchasing an additional 135,609 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter worth approximately $17,092,000.

iShares MSCI USA Momentum Factor ETF Trading Up 0.8 %

MTUM stock traded up $1.63 on Thursday, hitting $201.59. 363,875 shares of the company’s stock traded hands. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The stock has a fifty day moving average of $190.53 and a 200-day moving average of $180.59.

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.