Summit Wealth Group LLC Sells 3,369 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Summit Wealth Group LLC lowered its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,222 shares of the company’s stock after selling 3,369 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 3.3% of Summit Wealth Group LLC’s portfolio, making the stock its 8th biggest position. Summit Wealth Group LLC owned about 0.07% of iShares MSCI USA Momentum Factor ETF worth $13,649,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bison Wealth LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after acquiring an additional 133 shares in the last quarter. Arete Wealth Advisors LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 6.6% in the 1st quarter. Arete Wealth Advisors LLC now owns 1,928 shares of the company’s stock valued at $390,000 after purchasing an additional 119 shares during the period. Empowered Funds LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $2,488,000. Advisory Alpha LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.9% in the first quarter. Advisory Alpha LLC now owns 1,439 shares of the company’s stock worth $291,000 after purchasing an additional 67 shares in the last quarter. Finally, Integrity Alliance LLC. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 74.1% during the first quarter. Integrity Alliance LLC. now owns 2,557 shares of the company’s stock worth $517,000 after purchasing an additional 1,088 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $253.41 on Friday. The company has a market capitalization of $18.50 billion, a PE ratio of 28.67 and a beta of 1.02. The company’s 50 day moving average price is $249.92 and its 200 day moving average price is $247.74. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99.

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.