Pettinga Financial Advisors LLC Sells 16,805 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Pettinga Financial Advisors LLC lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 28.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,384 shares of the company’s stock after selling 16,805 shares during the quarter. iShares MSCI USA Momentum Factor ETF accounts for 2.3% of Pettinga Financial Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Pettinga Financial Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $14,188,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MTUM. Mercer Global Advisors Inc. ADV lifted its stake 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 valued at $1,958,649,000 after acquiring an additional 229,850 shares during the last quarter. LPL Financial LLC grew its position in iShares MSCI USA Momentum Factor ETF by 24.7% during the 4th 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. increased its stake in iShares MSCI USA Momentum Factor ETF by 5.0% in the 4th quarter. Raymond James Financial Inc. now owns 3,215,974 shares of the company’s stock worth $804,990,000 after purchasing an additional 152,723 shares during the period. Corient Private Wealth LLC increased its stake in iShares MSCI USA Momentum Factor ETF by 185.9% in the 4th quarter. Corient Private Wealth LLC now owns 2,048,917 shares of the company’s stock worth $512,864,000 after purchasing an additional 1,332,181 shares during the period. Finally, Assetmark Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 2.5% in the 4th quarter. Assetmark Inc. now owns 1,502,409 shares of the company’s stock worth $376,068,000 after purchasing an additional 37,278 shares during the period.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM stock opened at $309.32 on Monday. The company has a market capitalization of $22.58 billion, a P/E ratio of 28.67 and a beta of 1.02. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.42 and a fifty-two week high of $345.59. The stock has a 50 day moving average price of $317.36 and a two-hundred day moving average price of $283.48.

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