Private Advisor Group LLC Reduces Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Private Advisor Group LLC lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 30.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,380 shares of the company’s stock after selling 32,865 shares during the quarter. Private Advisor Group LLC owned approximately 0.10% of iShares MSCI USA Momentum Factor ETF worth $19,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Caprock Group LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the third quarter worth $3,283,000. Acropolis Investment Management LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 4.5% in the third quarter. Acropolis Investment Management LLC now owns 134,659 shares of the company’s stock worth $32,361,000 after buying an additional 5,813 shares in the last quarter. Strategic Blueprint LLC boosted its stake in iShares MSCI USA Momentum Factor ETF by 18.9% during the third quarter. Strategic Blueprint LLC now owns 30,074 shares of the company’s stock valued at $7,713,000 after buying an additional 4,790 shares during the period. Advocacy Wealth Management Services LLC grew its position in iShares MSCI USA Momentum Factor ETF by 5.7% during the second quarter. Advocacy Wealth Management Services LLC now owns 88,416 shares of the company’s stock worth $21,248,000 after buying an additional 4,752 shares in the last quarter. Finally, Beacon Financial Group grew its position in iShares MSCI USA Momentum Factor ETF by 11.0% during the third quarter. Beacon Financial Group now owns 22,212 shares of the company’s stock worth $5,696,000 after buying an additional 2,203 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 2.4%

Shares of BATS MTUM opened at $247.24 on Tuesday. The stock’s 50-day simple moving average is $253.90 and its two-hundred day simple moving average is $251.88. iShares MSCI USA Momentum Factor ETF has a twelve month low of $171.51 and a twelve month high of $262.10. The firm has a market capitalization of $18.05 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.