Sanchez Wealth Management Group Sells 149,366 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Sanchez Wealth Management Group lowered its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 93.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,845 shares of the company’s stock after selling 149,366 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 9.4% of Sanchez Wealth Management Group’s portfolio, making the stock its 2nd largest holding. Sanchez Wealth Management Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $3,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State of Michigan Retirement System boosted its stake in iShares MSCI USA Momentum Factor ETF by 4.1% during the first quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock valued at $321,608,000 after buying an additional 52,800 shares during the period. Orgel Wealth Management LLC grew its position in iShares MSCI USA Momentum Factor ETF by 27.0% during the third quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock worth $271,091,000 after buying an additional 181,536 shares in the last quarter. Cetera Investment Advisers grew its position in iShares MSCI USA Momentum Factor ETF by 0.7% during the first quarter. Cetera Investment Advisers now owns 611,551 shares of the company’s stock worth $146,766,000 after buying an additional 4,261 shares in the last quarter. Royal Bank of Canada increased its stake in iShares MSCI USA Momentum Factor ETF by 5.6% in the 1st quarter. Royal Bank of Canada now owns 507,713 shares of the company’s stock worth $121,845,000 after acquiring an additional 26,884 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in iShares MSCI USA Momentum Factor ETF by 10.6% in the 1st quarter. Bank of New York Mellon Corp now owns 424,939 shares of the company’s stock worth $101,981,000 after acquiring an additional 40,666 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Down 2.0%

Shares of BATS MTUM opened at $272.86 on Thursday. The stock’s 50-day simple moving average is $304.81 and its two-hundred day simple moving average is $290.06. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The firm has a market capitalization of $19.92 billion, a P/E ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.