Robertson Stephens Wealth Management LLC Lowers Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Robertson Stephens Wealth Management LLC reduced its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 21.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,674 shares of the company’s stock after selling 1,307 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $945,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. NCM Capital Management LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. NCM Capital Management LLC now owns 1,044 shares of the company’s stock worth $216,000 after purchasing an additional 44 shares in the last quarter. Mosaic Family Wealth Partners LLC boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.7% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 2,736 shares of the company’s stock worth $566,000 after purchasing an additional 45 shares in the last quarter. Flagstar Advisors Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 1.5% during the 1st quarter. Flagstar Advisors Inc. now owns 3,526 shares of the company’s stock worth $713,000 after purchasing an additional 51 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 0.8% during the 4th quarter. D.A. Davidson & CO. now owns 7,498 shares of the company’s stock worth $1,551,000 after buying an additional 57 shares during the last quarter. Finally, Operose Advisors LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 48.0% during the 4th quarter. Operose Advisors LLC now owns 188 shares of the company’s stock worth $39,000 after buying an additional 61 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 10.1%

BATS:MTUM opened at $230.14 on Thursday. The company has a market capitalization of $16.87 billion, a PE ratio of 28.96 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 52-week low of $168.49 and a 52-week high of $234.78. The stock has a fifty day simple moving average of $218.97 and a 200-day simple moving average of $213.98.

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.