Lincoln Capital Corp Sells 267 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Lincoln Capital Corp cut its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 17.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,296 shares of the company’s stock after selling 267 shares during the quarter. Lincoln Capital Corp’s holdings in iShares MSCI USA Momentum Factor ETF were worth $311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MTUM. Mullooly Asset Management Inc. purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter valued at about $2,162,511,000. BNP Paribas Financial Markets boosted its position in iShares MSCI USA Momentum Factor ETF by 102.6% during the 1st quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock valued at $129,867,000 after acquiring an additional 325,369 shares in the last quarter. Liberty Wealth Management LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 1,227.8% during the 1st quarter. Liberty Wealth Management LLC now owns 337,221 shares of the company’s stock valued at $68,162,000 after acquiring an additional 311,824 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 21.7% in the 1st quarter. Ameriprise Financial Inc. now owns 1,062,702 shares of the company’s stock valued at $214,804,000 after purchasing an additional 189,281 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 25.0% in the 1st quarter. Citigroup Inc. now owns 901,342 shares of the company’s stock valued at $182,188,000 after purchasing an additional 179,994 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Up 21.3%

MTUM opened at $253.48 on Wednesday. The business has a 50 day moving average of $243.49 and a 200-day moving average of $225.31. The stock has a market cap of $18.50 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99.

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.