iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. reduced its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,506 shares of the company’s stock after selling 353 shares during the period. Valmark Advisers Inc.’s holdings in iShares MSCI USA Momentum Factor ETF were worth $2,739,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF during the 1st quarter valued at approximately $329,000. Blair William & Co. IL increased its stake in shares of iShares MSCI USA Momentum Factor ETF by 7.8% in the first quarter. Blair William & Co. IL now owns 7,919 shares of the company’s stock worth $1,484,000 after buying an additional 571 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in iShares MSCI USA Momentum Factor ETF by 642.4% in the first quarter. BNP Paribas Financial Markets now owns 7,164 shares of the company’s stock valued at $1,342,000 after acquiring an additional 6,199 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in iShares MSCI USA Momentum Factor ETF by 407.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,060 shares of the company’s stock valued at $791,000 after acquiring an additional 3,260 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 8.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 126,486 shares of the company’s stock worth $23,697,000 after acquiring an additional 10,257 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $206.31 on Wednesday. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The firm’s 50-day simple moving average is $200.54 and its 200-day simple moving average is $192.94. The firm has a market cap of $11.17 billion, a PE ratio of 18.53 and a beta of 1.10.

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.