Financial Enhancement Group LLC Sells 5,602 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Financial Enhancement Group LLC trimmed its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 44.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,031 shares of the company’s stock after selling 5,602 shares during the period. Financial Enhancement Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,687,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MTUM. Dagco Inc. purchased a new position in iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at $25,000. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter worth about $25,000. Cary Street Partners Financial LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $25,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter worth about $26,000. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of 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 worth $26,000 after buying an additional 67 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Down 0.4%

MTUM stock opened at $328.41 on Thursday. iShares MSCI USA Momentum Factor ETF has a twelve month low of $229.42 and a twelve month high of $345.59. The stock has a market cap of $23.97 billion, a P/E ratio of 28.67 and a beta of 1.02. The business’s 50-day moving average price is $303.82 and its 200-day moving average price is $270.07.

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.