3,622 iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 53,534 shares of the company’s stock after selling 3,622 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $16,989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 6.7% during the second quarter. Sequoia Financial Advisors LLC now owns 103,852 shares of the company’s stock valued at $35,604,000 after purchasing an additional 6,557 shares during the period. Nan Shan Life Insurance Co. Ltd. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth about $18,576,000. Legacy Wealth Managment LLC ID increased its stake in iShares MSCI USA Momentum Factor ETF by 772.6% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 4,293 shares of the company’s stock worth $1,472,000 after buying an additional 3,801 shares during the period. First Heartland Consultants Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 149.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 42,697 shares of the company’s stock worth $13,550,000 after buying an additional 25,614 shares during the period. Finally, Shah Wealth Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $16,707,000.

iShares MSCI USA Momentum Factor ETF Stock Up 0.2%

MTUM traded up $0.68 on Tuesday, reaching $296.39. 443,957 shares of the company traded hands, compared to its average volume of 1,227,630. iShares MSCI USA Momentum Factor ETF has a one year low of $229.42 and a one year high of $345.59. The firm has a fifty day simple moving average of $309.50 and a two-hundred day simple moving average of $304.78. The company has a market cap of $21.64 billion, a P/E ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF’s stock is set to split on the morning of Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Wednesday, November 4th.

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.