Wealth Alliance LLC Sells 1,733 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Wealth Alliance LLC reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,794 shares of the company’s stock after selling 1,733 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 0.7% of Wealth Alliance LLC’s portfolio, making the stock its 26th biggest holding. Wealth Alliance LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,150,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter worth $25,000. Cary Street Partners Financial LLC bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at about $26,000. Financial Network Wealth Advisors LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 67 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth about $26,000.

iShares MSCI USA Momentum Factor ETF Stock Down 2.4%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $306.39 on Friday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The company has a 50-day simple moving average of $318.06 and a two-hundred day simple moving average of $280.16. The stock has a market capitalization of $22.37 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.