Raymond James & Associates Reduces Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Raymond James & Associates trimmed its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.9% during the third quarter, Holdings Channel.com reports. The firm owned 2,394,186 shares of the company’s stock after selling 47,237 shares during the period. Raymond James & Associates’ holdings in iShares MSCI USA Momentum Factor ETF were worth $485,445,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MTUM. Mercer Global Advisors Inc. ADV grew its position in shares of iShares MSCI USA Momentum Factor ETF by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,551,417 shares of the company’s stock valued at $1,463,815,000 after purchasing an additional 213,637 shares during the period. Blue Trust Inc. increased its stake 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 acquiring an additional 207,306 shares during the last quarter. Symmetry Partners LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 62.7% during the 2nd quarter. Symmetry Partners LLC now owns 541,276 shares of the company’s stock worth $105,479,000 after acquiring an additional 208,691 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of iShares MSCI USA Momentum Factor ETF by 6.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 390,151 shares of the company’s stock worth $76,029,000 after acquiring an additional 22,091 shares during the last quarter. Finally, Arizona PSPRS Trust purchased a new stake in iShares MSCI USA Momentum Factor ETF in the second quarter valued at approximately $69,276,000.

iShares MSCI USA Momentum Factor ETF Price Performance

BATS:MTUM traded up $0.68 during trading hours on Friday, reaching $209.33. 293,565 shares of the company were exchanged. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The stock has a 50 day simple moving average of $198.52 and a 200 day simple moving average of $191.82. 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.