iShares MSCI USA Momentum Factor ETF $MTUM Stock Sold by Investment Advisory Services Inc. TX ADV

Investment Advisory Services Inc. TX ADV lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 98.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 960 shares of the company’s stock after selling 67,466 shares during the quarter. Investment Advisory Services Inc. TX ADV’s holdings in iShares MSCI USA Momentum Factor ETF were worth $305,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. New England Private Wealth Advisors LLC grew its holdings in 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 valued at $3,281,000 after buying an additional 34 shares in the last quarter. Beacon Financial Advisory LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the first 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 period. Signaturefd LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.4% in the third quarter. Signaturefd LLC now owns 762 shares of the company’s stock valued at $242,000 after purchasing an additional 39 shares during the period. 1ST Source Bank increased its position in iShares MSCI USA Momentum Factor ETF by 4.9% during the first quarter. 1ST Source Bank now owns 944 shares of the company’s stock worth $227,000 after purchasing an additional 44 shares during the last quarter. Finally, LifeSteps Financial Inc. increased its position in iShares MSCI USA Momentum Factor ETF by 2.8% during the third quarter. LifeSteps Financial Inc. now owns 1,677 shares of the company’s stock worth $532,000 after purchasing an additional 46 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.7%

iShares MSCI USA Momentum Factor ETF stock opened at $299.53 on Wednesday. The company has a 50-day moving average price of $307.18 and a 200 day moving average price of $289.21. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The stock has a market cap of $21.87 billion, a P/E ratio of 28.67 and a beta of 1.02.

Shares of iShares MSCI USA Momentum Factor ETF are scheduled to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly issued 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.