Merit Financial Group LLC Has $94.10 Million Stock Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Merit Financial Group LLC lowered its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 20.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 274,471 shares of the company’s stock after selling 70,869 shares during the period. Merit Financial Group LLC owned 0.38% of iShares MSCI USA Momentum Factor ETF worth $94,097,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cary Street Partners Financial LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the fourth quarter valued at approximately $25,000. Triumph Capital Management bought a new stake in iShares MSCI USA Momentum Factor ETF in the third quarter worth about $25,000. Eagle Bay Advisors LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $26,000. Financial Network Wealth Advisors LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 176.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $26,000 after purchasing an additional 67 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new position in iShares MSCI USA Momentum Factor ETF during the first quarter valued at $26,000.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM opened at $314.73 on Thursday. The company has a market capitalization of $22.98 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a fifty day simple moving average of $316.52 and a two-hundred day simple moving average of $284.65. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59.

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.