iShares MSCI USA Momentum Factor ETF $MTUM is Stonehearth Capital Management LLC’s 2nd Largest Position

Stonehearth Capital Management LLC decreased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 126,654 shares of the company’s stock after selling 3,004 shares during the period. iShares MSCI USA Momentum Factor ETF accounts for about 12.6% of Stonehearth Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Stonehearth Capital Management LLC owned about 0.17% of iShares MSCI USA Momentum Factor ETF worth $32,480,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MTUM. Envestnet Asset Management Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after purchasing an additional 1,094,104 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth $220,286,000. Orgel Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter worth about $158,559,000. Park Avenue Securities LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter valued at approximately $109,923,000. Finally, Osaic Holdings Inc. grew its stake in iShares MSCI USA Momentum Factor ETF by 59.7% during the second quarter. Osaic Holdings Inc. now owns 517,284 shares of the company’s stock valued at $120,371,000 after acquiring an additional 193,332 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 23.0%

Shares of MTUM stock opened at $257.15 on Friday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The stock’s 50-day moving average price is $249.98 and its 200-day moving average price is $247.89. The stock has a market capitalization of $18.77 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.