iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Scarborough Advisors LLC

Scarborough Advisors LLC lessened its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 9.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,962 shares of the company’s stock after selling 7,360 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises 1.8% of Scarborough Advisors LLC’s holdings, making the stock its 19th largest position. Scarborough Advisors LLC owned 0.09% of iShares MSCI USA Momentum Factor ETF worth $16,070,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Triumph Capital Management acquired a new position in iShares MSCI USA Momentum Factor ETF in the 3rd quarter valued at $25,000. Dagco Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 4th quarter worth $25,000. Cary Street Partners Financial LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $25,000. Eagle Bay Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter worth $26,000. Finally, Financial Network Wealth Advisors LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after buying an additional 67 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS:MTUM opened at $302.09 on Monday. The company’s 50-day moving average price is $317.45 and its 200-day moving average price is $278.29. The company has a market cap of $22.05 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59.

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.