Trinity Wealth Management LLC Has $18.05 Million Position in iShares MSCI USA Momentum Factor ETF $MTUM

Trinity Wealth Management LLC lessened its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 27.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 70,394 shares of the company’s stock after selling 27,166 shares during the quarter. iShares MSCI USA Momentum Factor ETF comprises approximately 6.8% of Trinity Wealth Management LLC’s holdings, making the stock its 4th largest position. Trinity Wealth Management LLC owned approximately 0.10% of iShares MSCI USA Momentum Factor ETF worth $18,053,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in iShares MSCI USA Momentum Factor ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,639,702 shares of the company’s stock valued at $3,037,545,000 after buying an additional 1,094,104 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $220,286,000. Orgel Wealth Management LLC bought a new position in shares of iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $158,559,000. Park Avenue Securities LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at approximately $109,923,000. Finally, BNP Paribas Financial Markets raised its holdings in iShares MSCI USA Momentum Factor ETF by 102.6% during the first quarter. BNP Paribas Financial Markets now owns 642,494 shares of the company’s stock worth $129,867,000 after purchasing an additional 325,369 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $241.92 on Thursday. The business has a 50 day moving average price of $250.25 and a two-hundred day moving average price of $245.42. The company has a market capitalization of $17.66 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a 1-year low of $168.49 and a 1-year 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.