Scarborough Advisors LLC Has $14.56 Million Holdings in iShares MSCI USA Momentum Factor ETF $MTUM

Scarborough Advisors LLC lessened its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 33.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,839 shares of the company’s stock after selling 22,123 shares during the period. iShares MSCI USA Momentum Factor ETF comprises 1.7% of Scarborough Advisors LLC’s holdings, making the stock its 14th biggest holding. Scarborough Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $14,565,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Beacon Financial Advisory LLC grew its stake in shares of iShares MSCI USA Momentum Factor ETF by 2.5% during the first quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock worth $361,000 after buying an additional 36 shares during the last quarter. Caliber Wealth Management LLC KS increased its holdings in iShares MSCI USA Momentum Factor ETF by 0.4% in the 4th quarter. Caliber Wealth Management LLC KS now owns 9,680 shares of the company’s stock worth $2,423,000 after purchasing an additional 39 shares in the last quarter. Traction Financial Partners LLC boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.4% during the fourth quarter. Traction Financial Partners LLC now owns 1,206 shares of the company’s stock valued at $302,000 after purchasing an additional 40 shares in the last quarter. Clark Capital Management Group Inc. grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock worth $249,000 after purchasing an additional 41 shares during the last quarter. Finally, Integrity Financial Corp WA grew its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.4% during the fourth quarter. Integrity Financial Corp WA now owns 843 shares of the company’s stock worth $211,000 after purchasing an additional 43 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock opened at $316.03 on Friday. The business has a 50 day moving average of $316.33 and a 200-day moving average of $285.07. The company has a market capitalization of $23.07 billion, a P/E ratio of 28.67 and a beta of 1.02. 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.