GDS Wealth Management Lowers Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

GDS Wealth Management lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,034 shares of the company’s stock after selling 82 shares during the quarter. GDS Wealth Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $396,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 3.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock valued at $1,120,677,000 after acquiring an additional 229,231 shares during the last quarter. Assetmark Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.9% during the 4th quarter. Assetmark Inc. now owns 1,646,261 shares of the company’s stock valued at $258,282,000 after purchasing an additional 61,978 shares during the last quarter. Blue Trust Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 20.1% in the 1st quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock worth $232,257,000 after purchasing an additional 207,306 shares during the period. Corient Private Wealth LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 0.5% in the fourth quarter. Corient Private Wealth LLC now owns 656,220 shares of the company’s stock worth $102,954,000 after purchasing an additional 3,269 shares during the last quarter. Finally, Symmetry Partners LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 62.7% in the second quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock worth $105,479,000 after purchasing an additional 208,691 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.3 %

MTUM opened at $197.27 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $81.37 and a 12 month high of $113.60. The business’s 50-day moving average price is $191.84 and its 200-day moving average price is $188.99. The company has a market cap of $10.68 billion, a P/E ratio of 18.53 and a beta of 1.10.

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.