Prospera Financial Services Inc Sells 11,180 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Prospera Financial Services Inc reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 76.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,404 shares of the company’s stock after selling 11,180 shares during the quarter. Prospera Financial Services Inc’s holdings in iShares MSCI USA Momentum Factor ETF were worth $874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MTUM. Envestnet Asset Management Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after buying an additional 1,094,104 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 59.7% during the 2nd quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock valued at $120,371,000 after acquiring an additional 193,332 shares during the period. Ameriprise Financial Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 1,231,042 shares of the company’s stock worth $295,986,000 after buying an additional 168,340 shares during the period. AdvisorShares Investments LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 60.3% during the 2nd quarter. AdvisorShares Investments LLC now owns 431,238 shares of the company’s stock valued at $103,635,000 after buying an additional 162,186 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 474.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 150,905 shares of the company’s stock valued at $36,265,000 after acquiring an additional 124,622 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 0.5%

iShares MSCI USA Momentum Factor ETF stock opened at $251.48 on Monday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $171.51 and a 12-month high of $262.10. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm has a 50 day moving average of $254.15 and a 200 day moving average of $251.04.

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.