iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Baron Financial Group LLC

Baron Financial Group LLC lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,966 shares of the company’s stock after selling 265 shares during the quarter. Baron Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTUM. Mercer Global Advisors Inc. ADV boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after buying an additional 213,637 shares in the last quarter. Blue Trust Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 20.1% during 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 in the last quarter. Symmetry Partners LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 62.7% during the 2nd 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 period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 6.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 390,151 shares of the company’s stock valued at $76,029,000 after purchasing an additional 22,091 shares in the last quarter. Finally, Arizona PSPRS Trust acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $69,276,000.

iShares MSCI USA Momentum Factor ETF Trading Up 0.3 %

Shares of MTUM opened at $209.33 on Friday. The firm’s 50-day moving average is $198.52 and its two-hundred day moving average is $191.86. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The firm has a market capitalization of $11.34 billion, a P/E ratio of 18.53 and a beta of 1.10.

About iShares MSCI USA Momentum Factor ETF

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.