Corient Private Wealth LP Sells 627,890 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Corient Private Wealth LP trimmed its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 64.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,128 shares of the company’s stock after selling 627,890 shares during the quarter. Corient Private Wealth LP’s holdings in iShares MSCI USA Momentum Factor ETF were worth $118,664,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MTUM. Cary Street Partners Financial LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the 4th quarter valued at $25,000. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter valued at about $25,000. Financial Network Wealth Advisors LLC boosted its holdings in iShares MSCI USA Momentum Factor ETF by 176.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after acquiring an additional 67 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth about $26,000. Finally, Indiana Trust & Investment Management Co bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth approximately $26,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of BATS:MTUM opened at $307.04 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 has a market cap of $22.41 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The business has a 50-day simple moving average of $307.42 and a two-hundred day simple moving average of $292.32.

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.