PNC Financial Services Group Inc. Cuts Stake in iShares MSCI USA Momentum Factor ETF $MTUM

PNC Financial Services Group Inc. reduced its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 481,997 shares of the company’s stock after selling 21,562 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $115,674,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Corient Private Wealth LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th 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 grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during 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. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 32.2% during 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. raised its position in iShares MSCI USA Momentum Factor ETF by 55.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after purchasing an additional 256,639 shares during the period. Finally, CWM LLC raised its position in iShares MSCI USA Momentum Factor ETF by 25.3% in the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after purchasing an additional 230,310 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 0.1%

iShares MSCI USA Momentum Factor ETF stock opened at $314.24 on Thursday. The company has a market capitalization of $22.94 billion, a PE ratio of 28.67 and a beta of 1.02. The firm has a fifty day simple moving average of $317.77 and a two-hundred day simple moving average of $279.54. 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 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.