VestGen Investment Management trimmed its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM – Free Report) by 17.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,189 shares of the company’s stock after selling 659 shares during the period. VestGen Investment Management’s holdings in iShares MSCI USA Momentum Factor ETF were worth $766,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of MTUM. Mullooly Asset Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $2,162,511,000. CHURCHILL MANAGEMENT Corp bought a new position in iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $220,286,000. Orgel Wealth Management LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $158,559,000. Park Avenue Securities LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $109,923,000. Finally, BNP Paribas Financial Markets grew its position in iShares MSCI USA Momentum Factor ETF by 102.6% during the first 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 during the last quarter.
iShares MSCI USA Momentum Factor ETF Price Performance
Shares of BATS MTUM opened at $255.50 on Friday. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The firm’s 50 day simple moving average is $250.97 and its two-hundred day simple moving average is $235.83. The stock has a market capitalization of $18.65 billion, a P/E 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.
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