9,420 iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lowered its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 8.3% during the third quarter, Holdings Channel reports. The fund owned 103,460 shares of the company’s stock after selling 9,420 shares during the quarter. Kestra Advisory Services LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $32,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. New England Private Wealth Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 0.3% in the third quarter. New England Private Wealth Advisors LLC now owns 10,339 shares of the company’s stock valued at $3,281,000 after purchasing an additional 34 shares during the last quarter. Signaturefd LLC grew its position in iShares MSCI USA Momentum Factor ETF by 5.4% during the 3rd quarter. Signaturefd LLC now owns 762 shares of the company’s stock worth $242,000 after purchasing an additional 39 shares during the period. 1ST Source Bank raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.9% during the 1st quarter. 1ST Source Bank now owns 944 shares of the company’s stock valued at $227,000 after buying an additional 44 shares during the last quarter. LifeSteps Financial Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.8% during the 3rd quarter. LifeSteps Financial Inc. now owns 1,677 shares of the company’s stock valued at $532,000 after buying an additional 46 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.9% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 1,857 shares of the company’s stock valued at $589,000 after buying an additional 52 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 1.9%

Shares of MTUM stock traded up $1.16 on Friday, hitting $63.76. The company had a trading volume of 4,145,160 shares, compared to its average volume of 4,903,733. The firm has a market cap of $4.65 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a 50-day moving average price of $75.69 and a 200-day moving average price of $72.51. iShares MSCI USA Momentum Factor ETF has a twelve month low of $57.35 and a twelve month high of $86.40.

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.