Orion Porfolio Solutions LLC Decreases Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Orion Porfolio Solutions LLC lowered its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 76.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,114 shares of the company’s stock after selling 115,791 shares during the period. Orion Porfolio Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,005,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Successful Portfolios LLC raised its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the third quarter. Successful Portfolios LLC now owns 1,412 shares of the company’s stock worth $362,000 after acquiring an additional 40 shares during the last quarter. Centurion Wealth Management LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 0.7% in the third quarter. Centurion Wealth Management LLC now owns 5,764 shares of the company’s stock valued at $1,478,000 after acquiring an additional 42 shares in the last quarter. Silverlake Wealth Management LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.1% during the second quarter. Silverlake Wealth Management LLC now owns 3,917 shares of the company’s stock valued at $941,000 after acquiring an additional 43 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 1.1% during the third quarter. Armstrong Advisory Group Inc. now owns 3,961 shares of the company’s stock valued at $1,016,000 after acquiring an additional 43 shares during the last quarter. Finally, LifeSteps Financial Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 2.3% during the 3rd quarter. LifeSteps Financial Inc. now owns 1,920 shares of the company’s stock worth $492,000 after purchasing an additional 44 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $241.48 on Friday. The stock has a market capitalization of $17.63 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $171.51 and a 12-month high of $262.10. The firm’s 50-day moving average is $254.03 and its two-hundred day moving average is $251.70.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.