Weaver Consulting Group Cuts Position in iShares MSCI USA Momentum Factor ETF $MTUM

Weaver Consulting Group decreased its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,895 shares of the company’s stock after selling 749 shares during the period. Weaver Consulting Group’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,618,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTUM. Harbor Investment Advisory LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 262.2% in the second quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after buying an additional 118 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 45.0% in the 2nd quarter. GAMMA Investing LLC now owns 216 shares of the company’s stock worth $52,000 after acquiring an additional 67 shares during the period. Hilltop National Bank acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $55,000. Fortitude Family Office LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 109.0% in the 2nd quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock valued at $61,000 after purchasing an additional 133 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in iShares MSCI USA Momentum Factor ETF during the second quarter worth $65,000.

iShares MSCI USA Momentum Factor ETF Stock Up 18.4%

Shares of MTUM stock opened at $247.43 on Thursday. The stock has a market cap of $18.06 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $240.99. The business has a fifty day simple moving average of $252.98 and a 200-day simple moving average of $242.23.

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.