Vestmark Advisory Solutions Inc. Has $1.01 Million Stock Position in iShares MSCI USA Momentum Factor ETF $MTUM

Vestmark Advisory Solutions Inc. lowered its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 47.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,207 shares of the company’s stock after selling 3,831 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock worth $3,037,545,000 after buying an additional 1,094,104 shares during the last quarter. Mullooly Asset Management Inc. bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter worth $2,162,511,000. Raymond James Financial Inc. raised its stake in iShares MSCI USA Momentum Factor ETF by 5.5% during the 1st quarter. Raymond James Financial Inc. now owns 2,929,874 shares of the company’s stock valued at $592,215,000 after purchasing an additional 151,872 shares during the last quarter. LPL Financial LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 0.3% during the 1st quarter. LPL Financial LLC now owns 1,960,110 shares of the company’s stock valued at $396,197,000 after purchasing an additional 5,473 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in iShares MSCI USA Momentum Factor ETF by 2.4% in the 2nd quarter. Assetmark Inc. now owns 1,855,684 shares of the company’s stock valued at $445,958,000 after purchasing an additional 42,864 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS MTUM opened at $252.54 on Tuesday. The company’s fifty day moving average is $252.98 and its two-hundred day moving average is $240.67. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $240.99. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02.

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.