iShares MSCI USA Momentum Factor ETF $MTUM Stock Position Lowered by Elm3 Financial Group LLC

Elm3 Financial Group LLC reduced its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 19.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,280 shares of the company’s stock after selling 1,975 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 1.8% of Elm3 Financial Group LLC’s holdings, making the stock its 14th largest holding. Elm3 Financial Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in MTUM. Beacon Financial Advisory LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 2.5% in the 1st quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock worth $361,000 after purchasing an additional 36 shares in the last quarter. Integrity Financial Corp WA increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.4% in the fourth quarter. Integrity Financial Corp WA now owns 843 shares of the company’s stock worth $211,000 after purchasing an additional 43 shares during the period. 1ST Source Bank raised its position in shares of iShares MSCI USA Momentum Factor ETF by 4.9% in the first quarter. 1ST Source Bank now owns 944 shares of the company’s stock worth $227,000 after buying an additional 44 shares in the last quarter. Aegis Wealth Management Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 4.4% during the first quarter. Aegis Wealth Management Inc. now owns 1,197 shares of the company’s stock valued at $287,000 after buying an additional 50 shares during the period. Finally, Axxcess Wealth Management LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 1.5% during the first quarter. Axxcess Wealth Management LLC now owns 4,046 shares of the company’s stock valued at $971,000 after buying an additional 58 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock traded down $2.03 during midday trading on Wednesday, hitting $322.42. 847,875 shares of the company’s stock were exchanged, compared to its average volume of 1,241,730. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59. The company has a market cap of $23.54 billion, a P/E ratio of 28.67 and a beta of 1.02. The stock has a 50-day moving average price of $308.46 and a two-hundred day moving average price of $300.46.

iShares MSCI USA Momentum Factor ETF’s stock is set to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

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.