PNC Financial Services Group Inc. Reduces Stake in iShares MSCI USA Momentum Factor ETF $MTUM

PNC Financial Services Group Inc. lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 481,997 shares of the company’s stock after selling 21,562 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.66% of iShares MSCI USA Momentum Factor ETF worth $115,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MTUM. Corient Private Wealth LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after buying an additional 1,332,181 shares in the last quarter. LPL Financial LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock valued at $823,985,000 after acquiring an additional 652,414 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares MSCI USA Momentum Factor ETF by 32.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,151,084 shares of the company’s stock valued at $288,128,000 after acquiring an additional 280,192 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in iShares MSCI USA Momentum Factor ETF by 55.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 721,042 shares of the company’s stock worth $180,484,000 after acquiring an additional 256,639 shares during the period. Finally, CWM LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 25.3% during the 4th quarter. CWM LLC now owns 1,141,425 shares of the company’s stock worth $285,710,000 after acquiring an additional 230,310 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $314.24 on Thursday. The company’s 50 day simple moving average is $317.77 and its two-hundred day simple moving average is $279.54. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The stock has a market capitalization of $22.94 billion, a PE ratio of 28.67 and a beta of 1.02.

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.