iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lessened its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 23.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,073 shares of the company’s stock after selling 76,656 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 1.0% of Foundations Investment Advisors LLC’s portfolio, making the stock its 22nd largest holding. Foundations Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $65,926,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in iShares MSCI USA Momentum Factor ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after acquiring an additional 1,094,104 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.4% during the second quarter. Raymond James Financial Inc. now owns 2,942,400 shares of the company’s stock worth $707,117,000 after purchasing an additional 12,526 shares during the last quarter. Assetmark Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 2.4% in the second quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock valued at $445,958,000 after purchasing an additional 42,864 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock valued at $295,986,000 after purchasing an additional 168,340 shares during the period. Finally, Blue Trust Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 0.7% in the second quarter. Blue Trust Inc. now owns 1,210,478 shares of the company’s stock valued at $290,902,000 after purchasing an additional 8,459 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 24.5%

BATS MTUM opened at $260.21 on Thursday. The business’s 50-day moving average price is $252.40 and its 200 day moving average price is $249.76. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99. The company has a market capitalization of $19.00 billion, a PE ratio of 28.67 and a beta of 1.02.

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.