Perennial Investment Advisors LLC Decreases Stock Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Perennial Investment Advisors LLC cut its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 3.0% in the second quarter, HoldingsChannel reports. The firm owned 2,574 shares of the company’s stock after selling 79 shares during the quarter. Perennial Investment Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $502,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in iShares MSCI USA Momentum Factor ETF by 3.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock valued at $1,120,677,000 after purchasing an additional 229,231 shares during the last quarter. Blue Trust Inc. raised its position in shares of iShares MSCI USA Momentum Factor ETF by 20.1% during the 1st quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock valued at $232,257,000 after buying an additional 207,306 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 0.5% during the 4th quarter. Corient Private Wealth LLC now owns 656,220 shares of the company’s stock valued at $102,954,000 after buying an additional 3,269 shares in the last quarter. Symmetry Partners LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 62.7% in the 2nd quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock valued at $105,479,000 after acquiring an additional 208,691 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in iShares MSCI USA Momentum Factor ETF by 12.2% in the fourth quarter. Wells Fargo & Company MN now owns 439,654 shares of the company’s stock worth $68,977,000 after acquiring an additional 47,792 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of MTUM stock opened at $197.13 on Wednesday. The company has a market cap of $10.67 billion, a PE ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The stock’s 50 day simple moving average is $191.78 and its two-hundred day simple moving average is $189.06.

iShares MSCI USA Momentum Factor ETF Company 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.