iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Financial Life Advisors

Financial Life Advisors trimmed its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 18.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,077 shares of the company’s stock after selling 474 shares during the quarter. Financial Life Advisors’ holdings in iShares MSCI USA Momentum Factor ETF were worth $405,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at about $27,000. Able Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the fourth quarter valued at approximately $28,000. Woodmont Investment Counsel LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $28,000. GAMMA Investing LLC purchased a new position in shares of iShares MSCI USA Momentum Factor ETF during the first quarter worth approximately $29,000. Finally, Wellington Shields & Co. LLC acquired a new position in shares of iShares MSCI USA Momentum Factor ETF in the 1st quarter valued at $42,000.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of BATS:MTUM opened at $196.76 on Monday. iShares MSCI USA Momentum Factor ETF has a 1-year low of $81.37 and a 1-year high of $113.60. The stock has a market cap of $10.65 billion, a P/E ratio of 18.53 and a beta of 1.10. The firm has a fifty day moving average price of $191.88 and a 200 day moving average price of $188.88.

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.