Envestnet Portfolio Solutions Inc. Sells 157,762 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Envestnet Portfolio Solutions Inc. cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 22.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 548,612 shares of the company’s stock after selling 157,762 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 0.9% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its 21st largest position. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $188,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Beacon Bridge Wealth Partners LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 78.3% in the fourth quarter. Beacon Bridge Wealth Partners LLC now owns 22,617 shares of the company’s stock valued at $5,661,000 after purchasing an additional 9,932 shares in the last quarter. Waystone Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $1,040,000. Elevation Capital Advisory LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 4th quarter worth approximately $3,960,000. WealthShield Partners LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 54.0% in the 4th quarter. WealthShield Partners LLC now owns 25,884 shares of the company’s stock valued at $6,479,000 after buying an additional 9,080 shares in the last quarter. Finally, Blalock Williams LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 64.7% in the 4th quarter. Blalock Williams LLC now owns 5,750 shares of the company’s stock valued at $1,439,000 after buying an additional 2,259 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $314.73 on Thursday. The firm’s fifty day moving average price is $316.52 and its 200 day moving average price is $284.65. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The company has a market capitalization of $22.98 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.