Simplicity Wealth LLC Has $3.10 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Simplicity Wealth LLC reduced its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 31.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,926 shares of the company’s stock after selling 5,842 shares during the period. Simplicity Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Corient Private Wealth LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 185.9% during the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after purchasing an additional 1,332,181 shares during the period. Focus Partners Wealth grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 2,939.7% during the 3rd quarter. Focus Partners Wealth now owns 927,145 shares of the company’s stock valued at $237,766,000 after acquiring an additional 896,644 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after acquiring an additional 652,414 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 32.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock worth $288,128,000 after acquiring an additional 280,192 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 55.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after acquiring an additional 256,639 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.2%

Shares of MTUM traded up $0.57 during midday trading on Friday, reaching $321.77. 1,102,428 shares of the stock were exchanged, compared to its average volume of 1,094,758. The firm has a 50 day simple moving average of $315.79 and a 200-day simple moving average of $276.16. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The company has a market cap of $23.49 billion, a price-to-earnings 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.