Invst LLC Decreases Stake in iShares MSCI USA Momentum Factor ETF $MTUM

Invst LLC lowered its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 67.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 28,588 shares of the company’s stock after selling 58,355 shares during the quarter. Invst LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $7,156,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MTUM. Triumph Capital Management purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $25,000. Dagco Inc. purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $25,000. Cary Street Partners Financial LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $25,000. Eagle Bay Advisors LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 4th quarter worth about $26,000. Finally, United Financial Planning Group LLC purchased a new stake in iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth about $28,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of MTUM opened at $306.47 on Friday. The business has a 50-day moving average of $283.55 and a 200 day moving average of $262.53. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $229.29 and a fifty-two week high of $331.49. The firm has a market cap of $22.37 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.