Exencial Wealth Advisors LLC Reduces Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Exencial Wealth Advisors LLC decreased its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,483 shares of the company’s stock after selling 536 shares during the period. Exencial Wealth Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $6,605,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth $26,000. Compass Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth $30,000. Cornerstone Planning Group LLC increased its position in iShares MSCI USA Momentum Factor ETF by 140.3% during the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after buying an additional 87 shares in the last quarter. Harbor Investment Advisory LLC increased its position in iShares MSCI USA Momentum Factor ETF by 262.2% during the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after buying an additional 118 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in iShares MSCI USA Momentum Factor ETF by 45.0% during the second quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after buying an additional 67 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $253.61 on Wednesday. The stock has a fifty day moving average of $250.53 and a two-hundred day moving average of $233.97. The company has a market capitalization of $18.51 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99.

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.