Financial Gravity Asset Management Inc. Sells 695 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Financial Gravity Asset Management Inc. lessened its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 41.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 966 shares of the company’s stock after selling 695 shares during the period. Financial Gravity Asset Management Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MTUM. Strategic Financial Concepts LLC purchased a new position in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth approximately $130,000. Cobblestone Capital Advisors LLC NY lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 1.2% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 136,708 shares of the company’s stock valued at $26,640,000 after purchasing an additional 1,669 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 330.5% during the second quarter. New York Life Investment Management LLC now owns 77,806 shares of the company’s stock valued at $15,162,000 after purchasing an additional 59,732 shares in the last quarter. Fluent Financial LLC purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the second quarter valued at $2,938,000. Finally, BBR Partners LLC bought a new stake in iShares MSCI USA Momentum Factor ETF in the 2nd quarter worth about $204,000.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM opened at $186.03 on Friday. The company’s 50-day simple moving average is $192.34 and its two-hundred day simple moving average is $188.34. The stock has a market capitalization of $10.07 billion, a P/E ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a 52-week low of $81.37 and a 52-week high of $113.60.

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.