Envestnet Portfolio Solutions Inc. Has $188.08 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Envestnet Portfolio Solutions Inc. decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 22.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 548,612 shares of the company’s stock after selling 157,762 shares during the period. iShares MSCI USA Momentum Factor ETF comprises approximately 0.9% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its 21st biggest holding. Envestnet Portfolio Solutions Inc. owned approximately 0.75% of iShares MSCI USA Momentum Factor ETF worth $188,081,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after acquiring an additional 229,850 shares during the period. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after acquiring an additional 652,414 shares during the last quarter. Raymond James Financial Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 5.0% in the 4th quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock valued at $804,990,000 after acquiring an additional 152,723 shares during the period. Corient Private Wealth LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after acquiring an additional 1,332,181 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in iShares MSCI USA Momentum Factor ETF by 4.1% during the 1st quarter. State of Michigan Retirement System now owns 1,340,090 shares of the company’s stock valued at $321,608,000 after purchasing an additional 52,800 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $314.73 on Thursday. The business has a fifty day simple moving average of $316.52 and a two-hundred day simple moving average of $284.65. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The company has a market capitalization of $22.98 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

About iShares MSCI USA Momentum Factor ETF

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.