RFG Advisory LLC Sells 2,642 Shares of iShares MSCI USA Momentum Factor ETF $MTUM

RFG Advisory LLC decreased its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 25.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,713 shares of the company’s stock after selling 2,642 shares during the period. RFG Advisory LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Beacon Financial Advisory LLC increased its holdings in iShares MSCI USA Momentum Factor ETF by 2.5% during the 1st quarter. Beacon Financial Advisory LLC now owns 1,504 shares of the company’s stock worth $361,000 after purchasing an additional 36 shares during the period. Clark Capital Management Group Inc. grew its position in shares of iShares MSCI USA Momentum Factor ETF by 4.3% during the 4th quarter. Clark Capital Management Group Inc. now owns 994 shares of the company’s stock worth $249,000 after buying an additional 41 shares in the last quarter. Integrity Financial Corp WA grew its position in shares of iShares MSCI USA Momentum Factor ETF by 5.4% during the 4th quarter. Integrity Financial Corp WA now owns 843 shares of the company’s stock worth $211,000 after buying an additional 43 shares in the last quarter. 1ST Source Bank increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.9% during the first quarter. 1ST Source Bank now owns 944 shares of the company’s stock valued at $227,000 after buying an additional 44 shares during the period. Finally, Aegis Wealth Management Inc. increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.4% during the first quarter. Aegis Wealth Management Inc. now owns 1,197 shares of the company’s stock valued at $287,000 after buying an additional 50 shares during the period.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM stock opened at $303.15 on Friday. The business has a 50-day moving average price of $307.61 and a 200 day moving average price of $292.21. The company has a market capitalization of $22.13 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.