Avidian Wealth Solutions LLC Has $1.18 Million Stock Position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Avidian Wealth Solutions LLC reduced its stake in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 19.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,317 shares of the company’s stock after selling 1,566 shares during the period. Avidian Wealth Solutions LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,143,076 shares of the company’s stock worth $1,120,677,000 after buying an additional 229,231 shares during the last quarter. Assetmark Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 3.9% in the fourth quarter. Assetmark Inc. now owns 1,646,261 shares of the company’s stock valued at $258,282,000 after purchasing an additional 61,978 shares during the last quarter. Blue Trust Inc. raised its position in iShares MSCI USA Momentum Factor ETF by 20.1% in the first quarter. Blue Trust Inc. now owns 1,239,696 shares of the company’s stock valued at $232,257,000 after purchasing an additional 207,306 shares during the last quarter. CWM LLC raised its position in iShares MSCI USA Momentum Factor ETF by 9.3% in the fourth quarter. CWM LLC now owns 1,134,217 shares of the company’s stock valued at $177,947,000 after purchasing an additional 96,845 shares during the last quarter. Finally, Savant Capital LLC raised its position in iShares MSCI USA Momentum Factor ETF by 10.0% in the fourth quarter. Savant Capital LLC now owns 1,108,786 shares of the company’s stock valued at $173,957,000 after purchasing an additional 100,463 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Up 0.8 %

iShares MSCI USA Momentum Factor ETF stock traded up $1.63 during trading hours on Wednesday, hitting $201.59. The stock had a trading volume of 363,575 shares. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The business’s 50 day simple moving average is $190.53 and its 200-day simple moving average is $180.59.

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.