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

Tsfg LLC lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,091 shares of the company’s stock after selling 10,461 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up approximately 1.2% of Tsfg LLC’s holdings, making the stock its 23rd largest holding. Tsfg LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTUM. First Citizens Financial Corp lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.3% in the 2nd quarter. First Citizens Financial Corp now owns 4,449 shares of the company’s stock valued at $1,525,000 after purchasing an additional 142 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth about $18,576,000. LGL Partners LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth about $204,000. Cavalier Investments LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $10,169,000. Finally, Headlands Technologies LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $288,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $296.52 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The company’s 50 day simple moving average is $311.40 and its 200 day simple moving average is $289.67. The company has a market capitalization of $21.65 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.