Members Advisory Group LLC Cuts Position in iShares MSCI USA Momentum Factor ETF $MTUM

Members Advisory Group LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 91.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,336 shares of the company’s stock after selling 15,224 shares during the period. Members Advisory Group LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bison Wealth LLC increased its position in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the 4th quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock valued at $651,000 after purchasing an additional 133 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter worth about $2,488,000. Russell Investments Group Ltd. grew its position in iShares MSCI USA Momentum Factor ETF by 15.1% during the second quarter. Russell Investments Group Ltd. now owns 973 shares of the company’s stock valued at $234,000 after buying an additional 128 shares during the period. First Trust Advisors LP bought a new position in iShares MSCI USA Momentum Factor ETF during the second quarter valued at about $350,000. Finally, Qube Research & Technologies Ltd grew its position in iShares MSCI USA Momentum Factor ETF by 543.9% during the second quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock valued at $30,631,000 after buying an additional 107,665 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

BATS MTUM opened at $312.67 on Thursday. The company has a market capitalization of $22.82 billion, a PE ratio of 28.67 and a beta of 1.02. 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 50-day simple moving average of $317.25 and a 200 day simple moving average of $277.60.

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. MTUM was launched on Apr 16, 2013 and is managed by BlackRock.