Creative Planning Trims Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Creative Planning cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,708 shares of the company’s stock after selling 435 shares during the period. Creative Planning’s holdings in iShares MSCI USA Momentum Factor ETF were worth $10,264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bison Wealth LLC raised its holdings in iShares MSCI USA Momentum Factor ETF by 4.4% in the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares during the period. Wealthfront Advisers LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 69.3% during the first quarter. Wealthfront Advisers LLC now owns 2,120 shares of the company’s stock valued at $429,000 after purchasing an additional 868 shares during the period. PFG Advisors increased its position in iShares MSCI USA Momentum Factor ETF by 3.2% in the first quarter. PFG Advisors now owns 5,303 shares of the company’s stock worth $1,072,000 after buying an additional 162 shares in the last quarter. Choreo LLC raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 6.3% in the first quarter. Choreo LLC now owns 43,824 shares of the company’s stock worth $8,858,000 after buying an additional 2,610 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the first quarter worth about $2,090,000.

iShares MSCI USA Momentum Factor ETF Stock Up 15.9%

MTUM stock opened at $242.22 on Wednesday. The business’s 50-day moving average price is $253.20 and its 200-day moving average price is $242.22. The stock has a market cap of $17.68 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a twelve month low of $168.49 and a twelve month high of $240.99.

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.