iShares MSCI USA Momentum Factor ETF $MTUM Stock Sold by Convergence Financial LLC

Convergence Financial LLC lowered its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 40.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,749 shares of the company’s stock after selling 42,337 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up about 2.7% of Convergence Financial LLC’s investment portfolio, making the stock its 10th largest position. Convergence Financial LLC owned approximately 0.08% of iShares MSCI USA Momentum Factor ETF worth $19,595,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MTUM. State of Michigan Retirement System increased its position in iShares MSCI USA Momentum Factor ETF by 4.1% in the first quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after purchasing an additional 52,800 shares during the period. Orgel Wealth Management LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 27.0% during the 3rd quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock worth $271,091,000 after purchasing an additional 181,536 shares during the last quarter. Cetera Investment Advisers raised its holdings in iShares MSCI USA Momentum Factor ETF by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 611,551 shares of the company’s stock worth $146,766,000 after purchasing an additional 4,261 shares during the last quarter. Royal Bank of Canada raised its holdings in iShares MSCI USA Momentum Factor ETF by 5.6% during the 1st quarter. Royal Bank of Canada now owns 507,713 shares of the company’s stock worth $121,845,000 after purchasing an additional 26,884 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in iShares MSCI USA Momentum Factor ETF by 10.6% during the 1st quarter. Bank of New York Mellon Corp now owns 424,939 shares of the company’s stock worth $101,981,000 after purchasing an additional 40,666 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 1.3%

iShares MSCI USA Momentum Factor ETF stock opened at $303.50 on Thursday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The company has a market cap of $22.16 billion, a PE ratio of 28.67 and a beta of 1.02. The company’s 50-day moving average is $307.02 and its two-hundred day moving average is $289.46.

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 minted shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

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.