iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 503,559 shares of the company’s stock after selling 5,144 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $126,046,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Mullooly Asset Management Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 1.9% during the fourth quarter. Mullooly Asset Management Inc. now owns 140,424 shares of the company’s stock worth $35,149,000 after purchasing an additional 2,568 shares during the period. Csenge Advisory Group boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 12.4% in the fourth quarter. Csenge Advisory Group now owns 32,031 shares of the company’s stock valued at $8,018,000 after purchasing an additional 3,530 shares during the period. HighTower Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 35,775 shares of the company’s stock valued at $8,955,000 after purchasing an additional 205 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 55.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock valued at $180,484,000 after purchasing an additional 256,639 shares in the last quarter. Finally, Spectrum Strategic Capital Management LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $996,000.

iShares MSCI USA Momentum Factor ETF Stock Up 2.4%

Shares of MTUM opened at $299.59 on Thursday. The company has a market cap of $21.87 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $223.47 and a fifty-two week high of $307.96. The firm’s 50 day moving average price is $267.14 and its 200 day moving average price is $257.17.

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.