Fairvoy Private Wealth LLC Sells 18,946 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

Fairvoy Private Wealth LLC trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 89.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,338 shares of the company’s stock after selling 18,946 shares during the period. Fairvoy Private Wealth LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV increased its position in shares of iShares MSCI USA Momentum Factor ETF by 3.0% during the fourth 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 boosted its position in iShares MSCI USA Momentum Factor ETF by 24.7% in the fourth quarter. LPL Financial LLC now owns 3,291,857 shares of the company’s stock worth $823,985,000 after purchasing an additional 652,414 shares during the last quarter. Raymond James Financial Inc. boosted its position in iShares MSCI USA Momentum Factor ETF by 5.0% in the fourth 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 last quarter. Corient Private Wealth LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 185.9% in the fourth 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 last quarter. Finally, Assetmark Inc. grew 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 valued at $376,068,000 after purchasing an additional 37,278 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $339.30 on Friday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $229.42 and a 1 year high of $345.59. The firm has a market cap of $24.77 billion, a PE ratio of 28.67 and a beta of 1.02. The stock has a fifty day moving average price of $305.20 and a 200-day moving average price of $270.68.

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.