iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,899,452 shares of the company’s stock after selling 571,816 shares during the quarter. Envestnet Asset Management Inc. owned approximately 10.82% of iShares MSCI USA Momentum Factor ETF worth $2,708,168,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MTUM. Cary Street Partners Financial LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Financial Network Wealth Advisors LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 176.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock worth $26,000 after purchasing an additional 67 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth about $26,000. Indiana Trust & Investment Management Co purchased a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Finally, Curio Wealth LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 81.0% in the 4th quarter. Curio Wealth LLC now owns 114 shares of the company’s stock valued at $29,000 after buying an additional 51 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock traded down $0.95 during trading on Wednesday, hitting $316.95. The stock had a trading volume of 2,523,134 shares, compared to its average volume of 1,253,451. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The company’s 50-day moving average price is $305.87 and its two-hundred day moving average price is $295.30. The stock has a market capitalization of $23.14 billion, a P/E 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.