Tsfg LLC Decreases Position in iShares MSCI USA Momentum Factor ETF $MTUM

Tsfg LLC decreased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,091 shares of the company’s stock after selling 10,461 shares during the period. iShares MSCI USA Momentum Factor ETF comprises approximately 1.2% of Tsfg LLC’s portfolio, making the stock its 23rd biggest holding. Tsfg LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $9,288,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MTUM. Bison Wealth LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after buying an additional 133 shares in the last quarter. Empowered Funds LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at about $2,488,000. Russell Investments Group Ltd. increased its holdings in iShares MSCI USA Momentum Factor ETF by 15.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after acquiring an additional 128 shares in the last quarter. First Trust Advisors LP acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth about $350,000. Finally, Qube Research & Technologies Ltd raised its position in iShares MSCI USA Momentum Factor ETF by 543.9% during the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after acquiring an additional 107,665 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS MTUM opened at $296.52 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The company has a market capitalization of $21.65 billion, a PE ratio of 28.67 and a beta of 1.02. The firm’s 50-day moving average is $311.40 and its two-hundred day moving average is $289.67.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.