Midwest Capital Advisors LLC lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 89.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,685 shares of the company’s stock after selling 21,765 shares during the period. Midwest Capital Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $852,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of MTUM. M Holdings Securities Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the third quarter valued at $232,000. Brighton Jones LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 39.8% in the 3rd quarter. Brighton Jones LLC now owns 2,984 shares of the company’s stock worth $947,000 after purchasing an additional 850 shares in the last quarter. Ethic Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 7.7% in the 3rd quarter. Ethic Inc. now owns 2,437 shares of the company’s stock worth $773,000 after purchasing an additional 174 shares in the last quarter. Parallel Advisors LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 2.3% in the 3rd quarter. Parallel Advisors LLC now owns 9,534 shares of the company’s stock worth $3,026,000 after purchasing an additional 213 shares in the last quarter. Finally, United Advisor Group LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 5.8% during the 3rd quarter. United Advisor Group LLC now owns 4,073 shares of the company’s stock worth $1,292,000 after buying an additional 223 shares during the period.
iShares MSCI USA Momentum Factor ETF Trading Up 4.9%
BATS MTUM opened at $66.87 on Tuesday. The stock’s 50-day moving average price is $75.53 and its two-hundred day moving average price is $72.52. The company has a market cap of $16.62 billion, a PE ratio of 20.77 and a beta of 1.09. iShares MSCI USA Momentum Factor ETF has a 1 year low of $57.35 and a 1 year high of $86.40.
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.
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