75,364 iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 25.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 224,463 shares of the company’s stock after selling 75,364 shares during the period. Commonwealth Equity Services LLC owned approximately 0.31% of iShares MSCI USA Momentum Factor ETF worth $71,231,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Orgel Wealth Management LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 27.0% during the third 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 boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 51.2% in 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 shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $18,576,000. State of Michigan Retirement System increased its position in shares of 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 worth $321,608,000 after acquiring an additional 52,800 shares in the last quarter. Finally, Davidson Investment Advisors acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth $16,799,000.

iShares MSCI USA Momentum Factor ETF Stock Up 1.9%

Shares of BATS:MTUM traded up $1.16 during midday trading on Friday, reaching $63.76. 4,145,160 shares of the company were exchanged, compared to its average volume of 4,903,733. The firm has a market cap of $4.65 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $57.35 and a fifty-two week high of $86.40. The stock has a fifty day simple moving average of $75.69 and a two-hundred day simple moving average of $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.