Cypress Wealth Services LLC Sells 10,864 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Cypress Wealth Services LLC cut its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 86.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,668 shares of the company’s stock after selling 10,864 shares during the quarter. Cypress Wealth Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $538,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. New England Private Wealth Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.3% in the 3rd quarter. New England Private Wealth Advisors LLC now owns 10,339 shares of the company’s stock worth $3,281,000 after purchasing an additional 34 shares during the last quarter. Beacon Financial Advisory LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% during the 1st quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock valued at $361,000 after purchasing an additional 36 shares during the last quarter. 1ST Source Bank lifted its holdings in iShares MSCI USA Momentum Factor ETF by 4.9% during the 1st quarter. 1ST Source Bank now owns 944 shares of the company’s stock valued at $227,000 after purchasing an additional 44 shares during the last quarter. LifeSteps Financial Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 2.8% in the third quarter. LifeSteps Financial Inc. now owns 1,677 shares of the company’s stock valued at $532,000 after buying an additional 46 shares in the last quarter. Finally, Aegis Wealth Management Inc. boosted its position in 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 valued at $287,000 after buying an additional 50 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 1.3%

BATS:MTUM opened at $299.56 on Thursday. The firm has a market cap of $21.87 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12 month low of $229.42 and a 12 month high of $345.59. The company’s 50-day moving average price is $308.94 and its two-hundred day moving average price is $305.51.

iShares MSCI USA Momentum Factor ETF’s stock is going to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

iShares MSCI USA Momentum Factor ETF 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.