iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Invst LLC

Invst LLC cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 109,000 shares of the company’s stock after selling 5,765 shares during the period. iShares MSCI USA Momentum Factor ETF makes up approximately 2.7% of Invst LLC’s holdings, making the stock its 10th largest holding. Invst LLC owned about 0.20% of iShares MSCI USA Momentum Factor ETF worth $22,101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTUM. QRG Capital Management Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 127.5% during the second quarter. QRG Capital Management Inc. now owns 3,993 shares of the company’s stock worth $778,000 after acquiring an additional 2,238 shares during the last quarter. Cooper Financial Group increased its holdings in iShares MSCI USA Momentum Factor ETF by 17.7% during the 2nd quarter. Cooper Financial Group now owns 1,638 shares of the company’s stock worth $319,000 after purchasing an additional 246 shares during the last quarter. Wedmont Private Capital acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at approximately $360,000. Burke & Herbert Bank & Trust Co. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at approximately $202,000. Finally, ORG Partners LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at approximately $914,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $212.98 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The firm’s 50-day simple moving average is $209.25 and its 200-day simple moving average is $198.96. The firm has a market cap of $11.53 billion, a PE ratio of 18.53 and a beta of 1.10.

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.