QRG Capital Management Inc. Reduces Stake in iShares MSCI USA Momentum Factor ETF $MTUM

QRG Capital Management Inc. trimmed its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 61.4% during the first quarter, Holdings Channel reports. The firm owned 1,330 shares of the company’s stock after selling 2,119 shares during the quarter. QRG Capital Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $319,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,824,890 shares of the company’s stock worth $1,958,649,000 after buying an additional 229,850 shares in the last quarter. LPL Financial LLC raised its position in iShares MSCI USA Momentum Factor ETF by 24.7% during the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after acquiring an additional 652,414 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.0% in the fourth quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock valued at $804,990,000 after purchasing an additional 152,723 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock valued at $512,864,000 after purchasing an additional 1,332,181 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 2.5% in the fourth quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock valued at $376,068,000 after purchasing an additional 37,278 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.2%

Shares of MTUM traded up $0.57 during mid-day trading on Friday, reaching $321.77. 1,102,428 shares of the company’s stock were exchanged, compared to its average volume of 1,094,758. iShares MSCI USA Momentum Factor ETF has a 52-week low of $229.42 and a 52-week high of $345.59. The company has a market cap of $23.49 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The company has a 50-day simple moving average of $315.79 and a two-hundred day simple moving average of $276.16.

iShares MSCI USA Momentum Factor ETF 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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.