Axis Wealth Partners LLC Reduces Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Axis Wealth Partners LLC decreased its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 987 shares of the company’s stock after selling 62 shares during the quarter. Axis Wealth Partners LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fortitude Family Office LLC lifted its stake in iShares MSCI USA Momentum Factor ETF by 109.0% in the second quarter. Fortitude Family Office LLC now owns 255 shares of the company’s stock worth $61,000 after acquiring an additional 133 shares during the period. Golden State Equity Partners lifted its holdings in iShares MSCI USA Momentum Factor ETF by 17.9% in the second quarter. Golden State Equity Partners now owns 3,222 shares of the company’s stock worth $774,000 after buying an additional 489 shares during the period. AdvisorNet Financial Inc lifted its holdings in iShares MSCI USA Momentum Factor ETF by 24.0% in the second quarter. AdvisorNet Financial Inc now owns 692 shares of the company’s stock worth $166,000 after buying an additional 134 shares during the period. Financial Enhancement Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter worth about $1,144,000. Finally, Acropolis Investment Management LLC lifted its holdings in iShares MSCI USA Momentum Factor ETF by 1.7% in the second quarter. Acropolis Investment Management LLC now owns 128,846 shares of the company’s stock worth $30,964,000 after buying an additional 2,183 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM opened at $256.84 on Wednesday. iShares MSCI USA Momentum Factor ETF has a one year low of $168.49 and a one year high of $240.99. The company has a 50-day simple moving average of $245.31 and a two-hundred day simple moving average of $226.83. The firm has a market capitalization of $18.75 billion, a PE ratio of 28.67 and a beta of 1.02.

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.