iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC trimmed its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 77,484 shares of the company’s stock after selling 3,095 shares during the quarter. SteelPeak Wealth LLC owned approximately 0.11% of iShares MSCI USA Momentum Factor ETF worth $18,595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Corient Private Wealth LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after acquiring an additional 1,332,181 shares during the last quarter. LPL Financial LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 24.7% in the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after purchasing an additional 652,414 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares MSCI USA Momentum Factor ETF by 32.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after purchasing an additional 280,192 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 55.3% during the 4th 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 during the period. Finally, CWM LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 25.3% during the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock valued at $285,710,000 after purchasing an additional 230,310 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Down 3.0%

BATS MTUM opened at $303.41 on Friday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The stock has a market cap of $22.15 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company has a 50-day moving average price of $317.44 and a two-hundred day moving average price of $277.95.

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.