Prospera Financial Services Inc Lowers Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Prospera Financial Services Inc decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 76.7% in the third quarter, HoldingsChannel.com reports. The fund owned 3,404 shares of the company’s stock after selling 11,180 shares during the quarter. Prospera Financial Services Inc’s holdings in iShares MSCI USA Momentum Factor ETF were worth $874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 9.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 112,073 shares of the company’s stock valued at $28,741,000 after buying an additional 9,360 shares in the last quarter. Western Wealth Management LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 5.1% in the 3rd quarter. Western Wealth Management LLC now owns 12,345 shares of the company’s stock worth $3,166,000 after purchasing an additional 602 shares in the last quarter. Breakwater Capital Group boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 20.7% during the 3rd quarter. Breakwater Capital Group now owns 2,926 shares of the company’s stock valued at $750,000 after purchasing an additional 502 shares during the last quarter. New York Life Investment Management LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 31.2% during the third quarter. New York Life Investment Management LLC now owns 151,310 shares of the company’s stock valued at $38,803,000 after purchasing an additional 35,939 shares in the last quarter. Finally, Two West Capital Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.4% in the third quarter. Two West Capital Advisors LLC now owns 2,060 shares of the company’s stock worth $526,000 after purchasing an additional 49 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.5%

BATS:MTUM opened at $251.48 on Monday. The business’s 50-day moving average is $254.15 and its 200 day moving average is $251.04. iShares MSCI USA Momentum Factor ETF has a 12 month low of $171.51 and a 12 month high of $262.10. The company has a market capitalization of $18.36 billion, a P/E 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.