LifePlan Investment Advisors Inc. lowered its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 27.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,464 shares of the company’s stock after selling 2,070 shares during the quarter. LifePlan Investment Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,873,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Beacon Financial Advisory LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% in the 1st quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock valued at $361,000 after acquiring an additional 36 shares during the last quarter. Clark Capital Management Group Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock valued at $249,000 after purchasing an additional 41 shares in the last quarter. Integrity Financial Corp WA increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.4% in the fourth quarter. Integrity Financial Corp WA now owns 843 shares of the company’s stock worth $211,000 after purchasing an additional 43 shares during the last quarter. 1ST Source Bank lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.9% in the first quarter. 1ST Source Bank now owns 944 shares of the company’s stock worth $227,000 after buying an additional 44 shares in the last quarter. Finally, Aegis Wealth Management Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the first quarter. Aegis Wealth Management Inc. now owns 1,197 shares of the company’s stock worth $287,000 after buying an additional 50 shares in the last quarter.
iShares MSCI USA Momentum Factor ETF Trading Up 0.8%
Shares of iShares MSCI USA Momentum Factor ETF stock opened at $299.42 on Friday. The firm has a market cap of $21.86 billion, a PE ratio of 28.67 and a beta of 1.02. The stock has a 50 day moving average of $309.97 and a 200 day moving average of $290.34. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 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.
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