Oppenheimer & Co. Inc. lessened its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,382 shares of the company’s stock after selling 5,873 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $34,077,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in MTUM. Verdence Capital Advisors LLC increased its position in iShares MSCI USA Momentum Factor ETF by 3.5% in the third quarter. Verdence Capital Advisors LLC now owns 3,452 shares of the company’s stock worth $1,095,000 after purchasing an additional 116 shares during the period. Noesis Capital Mangement Corp bought a new stake in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $276,000. Leo Wealth LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter valued at about $339,000. ADG Wealth Management Group LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 55.7% during the 3rd quarter. ADG Wealth Management Group LLC now owns 2,454 shares of the company’s stock valued at $779,000 after purchasing an additional 878 shares during the period. Finally, Straight Path Wealth Management lifted its position in iShares MSCI USA Momentum Factor ETF by 2.2% during the 3rd quarter. Straight Path Wealth Management now owns 73,261 shares of the company’s stock valued at $23,249,000 after purchasing an additional 1,562 shares during the period.
iShares MSCI USA Momentum Factor ETF Trading Up 1.8%
Shares of BATS MTUM opened at $294.56 on Tuesday. The firm has a market capitalization of $21.50 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The firm’s 50-day moving average is $308.09 and its 200-day moving average is $288.81.
iShares MSCI USA Momentum Factor ETF shares are set to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.
iShares MSCI USA Momentum Factor ETF Company 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.
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