Prime Capital Investment Advisors LLC Has $5.70 Million Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Prime Capital Investment Advisors LLC reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,729 shares of the company’s stock after selling 8,814 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $5,702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter valued at $26,000. Compass Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth about $30,000. Cornerstone Planning Group LLC lifted its position in iShares MSCI USA Momentum Factor ETF by 140.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock valued at $30,000 after acquiring an additional 87 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $33,000. Finally, Harbor Investment Advisory LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 262.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock worth $39,000 after purchasing an additional 118 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 21.7%

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $254.28 on Tuesday. iShares MSCI USA Momentum Factor ETF has a 52 week low of $168.49 and a 52 week high of $240.99. The business has a 50 day moving average price of $248.11 and a 200-day moving average price of $230.21. The company has a market cap of $18.56 billion, a PE ratio of 28.67 and a beta of 1.02.

iShares MSCI USA Momentum Factor ETF Company 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.