Envestnet Portfolio Solutions Inc. lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 6.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 474,901 shares of the company’s stock after selling 31,143 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $114,128,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in MTUM. Cullen Frost Bankers Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $26,000. Compass Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at approximately $30,000. Cornerstone Planning Group LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after purchasing an additional 87 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at approximately $33,000. Finally, Harbor Investment Advisory LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 262.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after purchasing an additional 118 shares during the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Up 19.7%
Shares of BATS:MTUM opened at $250.07 on Monday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99. The company’s 50 day moving average is $249.19 and its two-hundred day moving average is $231.50. The company has a market cap of $18.26 billion, a PE ratio of 28.67 and a beta of 1.02.
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.
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Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
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