Trek Financial LLC trimmed its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 81.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,755 shares of the company’s stock after selling 29,647 shares during the period. Trek Financial LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,144,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. New England Private Wealth Advisors LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.3% during the third 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 shares of 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 purchasing an additional 36 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.4% in the 3rd quarter. Signaturefd LLC now owns 762 shares of the company’s stock valued at $242,000 after purchasing an additional 39 shares during the last quarter. 1ST Source Bank boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.9% in 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 period. Finally, LifeSteps Financial Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 2.8% in the 3rd quarter. LifeSteps Financial Inc. now owns 1,677 shares of the company’s stock valued at $532,000 after purchasing an additional 46 shares during the period.
iShares MSCI USA Momentum Factor ETF Stock Down 3.2%
Shares of BATS MTUM opened at $275.14 on Tuesday. The firm has a 50-day moving average price of $305.84 and a 200 day moving average price of $289.87. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59. The stock has a market capitalization of $20.09 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.
iShares MSCI USA Momentum Factor ETF shares are scheduled to split before the market opens on 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.
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