BridgePort Financial Solutions LLC cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 31.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,775 shares of the company’s stock after selling 1,741 shares during the quarter. BridgePort Financial Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,294,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bison Wealth LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after buying an additional 133 shares during the period. Empowered Funds LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $2,488,000. Russell Investments Group Ltd. boosted its position in iShares MSCI USA Momentum Factor ETF by 15.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after acquiring an additional 128 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $350,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after acquiring an additional 107,665 shares during the period.
iShares MSCI USA Momentum Factor ETF Stock Performance
Shares of BATS:MTUM opened at $317.21 on Friday. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59. The firm has a market capitalization of $23.16 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock has a 50 day moving average price of $316.54 and a 200-day moving average price of $285.30.
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.
See Also
- Five stocks we like better than iShares MSCI USA Momentum Factor ETF
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Want to see what other hedge funds are holding MTUM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report).
Receive News & Ratings for iShares MSCI USA Momentum Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI USA Momentum Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
