iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Stake Cut by Marshall Financial Group Inc. ADV

Marshall Financial Group Inc. ADV reduced its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 2.5% in the 2nd quarter, Holdings Channel reports. The fund owned 8,256 shares of the company’s stock after selling 210 shares during the period. iShares MSCI USA Momentum Factor ETF makes up about 0.5% of Marshall Financial Group Inc. ADV’s portfolio, making the stock its 26th biggest position. Marshall Financial Group Inc. ADV’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,609,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MTUM. Arizona PSPRS Trust purchased a new stake in shares of iShares MSCI USA Momentum Factor ETF during the 2nd quarter worth about $69,276,000. Envestnet Asset Management Inc. raised its stake 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 purchasing an additional 229,231 shares in the last quarter. Symmetry Partners LLC raised its stake 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 purchasing an additional 208,691 shares in the last quarter. Blue Trust Inc. raised 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 worth $232,257,000 after purchasing an additional 207,306 shares in the last quarter. Finally, Foster Group Inc. raised its stake in shares of iShares MSCI USA Momentum Factor ETF by 281.1% during the 2nd quarter. Foster Group Inc. now owns 277,940 shares of the company’s stock worth $54,162,000 after purchasing an additional 205,017 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

MTUM opened at $197.27 on Tuesday. iShares MSCI USA Momentum Factor ETF has a fifty-two week low of $81.37 and a fifty-two week high of $113.60. The business has a 50-day moving average of $191.84 and a 200-day moving average of $188.99. The company has a market capitalization of $10.68 billion, a PE ratio of 18.53 and a beta of 1.10.

About iShares MSCI USA Momentum Factor ETF

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.