iShares MSCI USA Momentum Factor ETF $MTUM Stock Sold by Claro Advisors Inc.

Claro Advisors Inc. reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 84.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,149 shares of the company’s stock after selling 16,718 shares during the quarter. Claro Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $999,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Orgel Wealth Management LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 27.0% in the 3rd quarter. Orgel Wealth Management LLC now owns 854,260 shares of the company’s stock worth $271,091,000 after purchasing an additional 181,536 shares during the period. Ameritas Advisory Services LLC grew its position 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 period. Nan Shan Life Insurance Co. Ltd. bought a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $18,576,000. State of Michigan Retirement System increased its holdings 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 last quarter. Finally, Davidson Investment Advisors purchased a new stake in iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $16,799,000.

iShares MSCI USA Momentum Factor ETF Stock Up 1.9%

MTUM traded up $1.16 during trading on Friday, hitting $63.76. The company’s stock had a trading volume of 4,145,160 shares, compared to its average volume of 4,903,733. iShares MSCI USA Momentum Factor ETF has a one year low of $57.35 and a one year high of $86.40. The firm has a market cap of $4.65 billion, a PE ratio of 28.67 and a beta of 1.02. The business’s 50 day simple moving average is $75.69 and its 200-day simple moving average is $72.51.

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.