iShares MSCI USA Momentum Factor ETF $MTUM Stock: Simplicity Wealth LLC Cuts Holdings

Simplicity Wealth LLC trimmed its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 91.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,072 shares of the company’s stock after selling 10,782 shares during the quarter. Simplicity Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $340,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. State of Michigan Retirement System boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.1% during the 1st quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after purchasing an additional 52,800 shares during the last quarter. Orgel Wealth Management LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 27.0% in the third quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock valued at $271,091,000 after purchasing an additional 181,536 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 0.7% in the first quarter. Cetera Investment Advisers now owns 611,551 shares of the company’s stock valued at $146,766,000 after purchasing an additional 4,261 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.6% in the first quarter. Royal Bank of Canada now owns 507,713 shares of the company’s stock valued at $121,845,000 after purchasing an additional 26,884 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 10.6% in the first quarter. Bank of New York Mellon Corp now owns 424,939 shares of the company’s stock valued at $101,981,000 after purchasing an additional 40,666 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $284.10 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The company has a market cap of $20.74 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business’s 50 day moving average price is $306.44 and its 200 day moving average price is $289.79.

Shares of iShares MSCI USA Momentum Factor ETF are going to split on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Wednesday, November 4th.

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.