iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 25.1% during the 3rd quarter, Holdings Channel reports. The firm owned 224,463 shares of the company’s stock after selling 75,364 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $71,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Orgel Wealth Management LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 27.0% in the 3rd quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock valued at $271,091,000 after buying an additional 181,536 shares during the last quarter. Ameritas Advisory Services LLC raised its position in iShares MSCI USA Momentum Factor ETF by 51.2% during the second quarter. Ameritas Advisory Services LLC now owns 192,185 shares of the company’s stock valued at $65,887,000 after purchasing an additional 65,103 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $18,576,000. State of Michigan Retirement System increased its position in iShares MSCI USA Momentum Factor ETF by 4.1% during the 1st 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 in the last quarter. Finally, Davidson Investment Advisors acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at $16,799,000.

iShares MSCI USA Momentum Factor ETF Trading Up 1.9%

MTUM traded up $1.16 during trading on Friday, reaching $63.76. 4,145,160 shares of the company’s stock were exchanged, compared to its average volume of 4,903,733. iShares MSCI USA Momentum Factor ETF has a one year low of $57.35 and a one year high of $86.40. The firm has a fifty day moving average price of $75.69 and a two-hundred day moving average price of $72.51. The stock has a market capitalization of $4.65 billion, a PE ratio of 28.67 and a beta of 1.02.

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.