Avior Wealth Management LLC Sells 49 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Avior Wealth Management LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.7% in the second quarter, Holdings Channel reports. The fund owned 7,156 shares of the company’s stock after selling 49 shares during the quarter. Avior Wealth Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,720,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. bought a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $26,000. Compass Wealth Management LLC purchased a new position in iShares MSCI USA Momentum Factor ETF during the first quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised its stake in iShares MSCI USA Momentum Factor ETF by 140.3% in the first quarter. Cornerstone Planning Group LLC now owns 149 shares of the company’s stock worth $30,000 after buying an additional 87 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF during the first quarter worth $33,000. Finally, Harbor Investment Advisory LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 262.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 163 shares of the company’s stock valued at $39,000 after acquiring an additional 118 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 21.8%

Shares of BATS:MTUM opened at $254.65 on Monday. The company has a market capitalization of $18.59 billion, a PE ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 12-month low of $168.49 and a 12-month high of $240.99. The business’s fifty day simple moving average is $246.25 and its 200-day simple moving average is $227.98.

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.