Blue Trust Inc. Sells 23,289 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Blue Trust Inc. lowered its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,202,019 shares of the company’s stock after selling 23,289 shares during the period. iShares MSCI USA Momentum Factor ETF makes up 3.1% of Blue Trust Inc.’s portfolio, making the stock its 11th biggest position. Blue Trust Inc. owned approximately 1.74% of iShares MSCI USA Momentum Factor ETF worth $242,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $25,000. Mascagni Wealth Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $29,000. Murphy & Mullick Capital Management Corp bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $30,000. Mainstream Capital Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter worth about $31,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $33,000.

iShares MSCI USA Momentum Factor ETF Trading Up 10.1%

Shares of MTUM opened at $230.14 on Thursday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $168.49 and a 1 year high of $234.78. The stock has a market cap of $16.87 billion, a P/E ratio of 28.96 and a beta of 1.02. The stock’s 50-day moving average price is $218.97 and its two-hundred day moving average price is $213.98.

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.