Darwin Wealth Management LLC Sells 142 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Darwin Wealth Management LLC lowered its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 11.0% in the 3rd quarter, Holdings Channel reports. The firm owned 1,146 shares of the company’s stock after selling 142 shares during the quarter. Darwin Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $232,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Edgestream Partners L.P. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $297,000. O Shaughnessy Asset Management LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 215.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,087 shares of the company’s stock valued at $391,000 after purchasing an additional 1,426 shares during the period. Natixis increased its holdings in iShares MSCI USA Momentum Factor ETF by 12.1% in the first quarter. Natixis now owns 3,726 shares of the company’s stock valued at $698,000 after buying an additional 401 shares in the last quarter. CreativeOne Wealth LLC increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 152.0% during the first quarter. CreativeOne Wealth LLC now owns 3,705 shares of the company’s stock worth $694,000 after purchasing an additional 2,235 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth about $264,000.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $211.61 on Thursday. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The company’s 50-day moving average is $204.93 and its two-hundred day moving average is $196.13. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60.

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.