NewEdge Advisors LLC Trims Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

NewEdge Advisors LLC lessened its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 20.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,902 shares of the company’s stock after selling 80,871 shares during the period. NewEdge Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $108,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. IFP Advisors Inc increased its position in shares of iShares MSCI USA Momentum Factor ETF by 79.4% during the second quarter. IFP Advisors Inc now owns 31,818 shares of the company’s stock worth $10,908,000 after purchasing an additional 14,085 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 20.9% during the second quarter. Baird Financial Group Inc. now owns 102,369 shares of the company’s stock worth $35,095,000 after purchasing an additional 17,682 shares during the period. Arcus Capital Partners LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at about $234,000. XY Planning Network Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 33.4% during the second quarter. XY Planning Network Inc. now owns 1,721 shares of the company’s stock worth $590,000 after acquiring an additional 431 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3.6% in the 2nd quarter. Allworth Financial LP now owns 21,684 shares of the company’s stock valued at $7,434,000 after buying an additional 758 shares during the period.

iShares MSCI USA Momentum Factor ETF Trading Up 1.3%

MTUM stock opened at $308.69 on Wednesday. The company has a market cap of $22.53 billion, a P/E ratio of 28.67 and a beta of 1.02. The company’s 50-day moving average price is $308.25 and its 200 day moving average price is $291.48. iShares MSCI USA Momentum Factor ETF has a 52 week low of $229.42 and a 52 week high of $345.59.

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.