iShares MSCI USA Momentum Factor ETF $MTUM Stock Sold by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 41.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,346 shares of the company’s stock after selling 74,618 shares during the quarter. New York Life Investment Management LLC owned 0.15% of iShares MSCI USA Momentum Factor ETF worth $34,065,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Orgel Wealth Management LLC increased its position in iShares MSCI USA Momentum Factor ETF by 27.0% during the 3rd quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock valued at $271,091,000 after buying an additional 181,536 shares in the last quarter. Simplex Trading LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 103.3% during the third quarter. Simplex Trading LLC now owns 5,474 shares of the company’s stock valued at $1,737,000 after buying an additional 171,006 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 51.2% during the second quarter. Ameritas Advisory Services LLC now owns 192,185 shares of the company’s stock valued at $65,887,000 after buying an additional 65,103 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. bought a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter worth $18,576,000. Finally, State of Michigan Retirement System boosted its holdings in iShares MSCI USA Momentum Factor ETF by 4.1% in the first quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock worth $321,608,000 after acquiring an additional 52,800 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 0.2%

BATS MTUM opened at $66.73 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 12 month low of $57.35 and a 12 month high of $86.40. The stock has a market cap of $16.59 billion, a P/E ratio of 20.77 and a beta of 1.09. The stock’s fifty day moving average price is $75.36 and its 200-day moving average price is $72.54.

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.