iShares MSCI USA Momentum Factor ETF $MTUM Shares Sold by Straight Path Wealth Management

Straight Path Wealth Management lessened its holdings in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,699 shares of the company’s stock after selling 4,213 shares during the quarter. iShares MSCI USA Momentum Factor ETF makes up 5.7% of Straight Path Wealth Management’s investment portfolio, making the stock its 5th largest holding. Straight Path Wealth Management owned 0.10% of iShares MSCI USA Momentum Factor ETF worth $24,580,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bison Wealth LLC boosted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the fourth quarter. Bison Wealth LLC now owns 3,148 shares of the company’s stock worth $651,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC acquired a new position in iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at approximately $2,488,000. Russell Investments Group Ltd. increased its stake in iShares MSCI USA Momentum Factor ETF by 15.1% in the 2nd 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 purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $350,000. Finally, Qube Research & Technologies Ltd lifted its position in iShares MSCI USA Momentum Factor ETF by 543.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 127,461 shares of the company’s stock worth $30,631,000 after buying an additional 107,665 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $304.86 on Monday. The firm has a fifty day moving average of $309.56 and a two-hundred day moving average of $290.72. iShares MSCI USA Momentum Factor ETF has a 12-month low of $229.42 and a 12-month high of $345.59. The firm has a market capitalization of $22.25 billion, a P/E ratio of 28.67 and a beta of 1.02.

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.