Waverly Advisors LLC Trims Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Waverly Advisors LLC reduced its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.3% in the 4th quarter, Holdings Channel reports. The firm owned 53,841 shares of the company’s stock after selling 2,425 shares during the period. Waverly Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $11,141,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in MTUM. Envestnet Asset Management Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 58.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,608,593 shares of the company’s stock valued at $2,608,970,000 after purchasing an additional 4,651,707 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 4th quarter valued at about $574,824,000. LPL Financial LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 215.4% in the 4th quarter. LPL Financial LLC now owns 1,954,637 shares of the company’s stock valued at $404,454,000 after purchasing an additional 1,334,851 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 204.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,128,104 shares of the company’s stock valued at $233,427,000 after purchasing an additional 758,024 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5,196.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 689,435 shares of the company’s stock valued at $142,658,000 after purchasing an additional 676,419 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

iShares MSCI USA Momentum Factor ETF stock opened at $230.05 on Wednesday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $168.49 and a fifty-two week high of $231.39. The company has a market capitalization of $16.77 billion, a P/E ratio of 28.96 and a beta of 1.00. The stock has a 50-day simple moving average of $205.85 and a 200-day simple moving average of $211.17.

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.