iShares MSCI USA Momentum Factor ETF $MTUM Stock: Oppenheimer & Co. Inc. Cuts Stake

Oppenheimer & Co. Inc. decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,382 shares of the company’s stock after selling 5,873 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.15% of iShares MSCI USA Momentum Factor ETF worth $34,077,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. YANKCOM Partnership acquired a new position in iShares MSCI USA Momentum Factor ETF during the 3rd quarter worth about $31,000. Fairway Wealth LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $36,000. Turtle Creek Wealth Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Indiana Trust & Investment Management Co acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Finally, Morling Financial Advisors LLC acquired a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter valued at about $50,000.

iShares MSCI USA Momentum Factor ETF Trading Up 1.8%

Shares of BATS MTUM opened at $294.56 on Tuesday. 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 cap of $21.50 billion, a PE ratio of 28.67 and a beta of 1.02. The company has a 50-day moving average of $308.09 and a two-hundred day moving average of $288.81.

Shares of iShares MSCI USA Momentum Factor ETF are set to split before the market opens on Thursday, November 5th. The 4-1 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Wednesday, November 4th.

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.