LifePlan Investment Advisors Inc. Trims Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

LifePlan Investment Advisors Inc. lowered its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,464 shares of the company’s stock after selling 2,070 shares during the quarter. LifePlan Investment Advisors Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MTUM. Bison Wealth LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after acquiring an additional 133 shares during the period. Empowered Funds LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth approximately $2,488,000. Russell Investments Group Ltd. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 15.1% in the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock worth $234,000 after purchasing an additional 128 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter worth $350,000. Finally, Qube Research & Technologies Ltd raised its position in shares of iShares MSCI USA Momentum Factor ETF by 543.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after purchasing an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $299.42 on Friday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The firm’s fifty day moving average is $309.97 and its 200 day moving average is $290.34. The stock has a market cap of $21.86 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.