iShares MSCI USA Momentum Factor ETF $MTUM Stock Position Lowered by Hyundai Investments Co. Ltd.

Hyundai Investments Co. Ltd. trimmed its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 68.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,113 shares of the company’s stock after selling 4,675 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 0.8% of Hyundai Investments Co. Ltd.’s investment portfolio, making the stock its 10th largest position. Hyundai Investments Co. Ltd.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bison Wealth LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 1st quarter worth approximately $2,488,000. Russell Investments Group Ltd. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 15.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after purchasing an additional 128 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth approximately $350,000. Finally, Qube Research & Technologies Ltd raised its position in shares of iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after purchasing an additional 107,665 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock opened at $304.86 on Monday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The stock’s 50 day moving average price is $309.56 and its 200 day moving average price is $290.72. The firm has a market cap of $22.25 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.