Family Asset Management LLC Lowers Holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Family Asset Management LLC decreased its position in shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,136 shares of the company’s stock after selling 91 shares during the quarter. Family Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $433,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 642.4% during the first quarter. BNP Paribas Financial Markets now owns 7,164 shares of the company’s stock valued at $1,342,000 after buying an additional 6,199 shares during the last quarter. Financial Counselors Inc. acquired a new stake in iShares MSCI USA Momentum Factor ETF in the first quarter valued at approximately $205,000. Richardson Financial Services Inc. grew its holdings in iShares MSCI USA Momentum Factor ETF by 29.1% in the first quarter. Richardson Financial Services Inc. now owns 462 shares of the company’s stock worth $87,000 after purchasing an additional 104 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of iShares MSCI USA Momentum Factor ETF by 5.7% during the first quarter. Geneos Wealth Management Inc. now owns 11,859 shares of the company’s stock worth $2,222,000 after purchasing an additional 640 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of iShares MSCI USA Momentum Factor ETF by 3,278.0% during the 1st quarter. Advisory Services Network LLC now owns 65,973 shares of the company’s stock valued at $12,360,000 after purchasing an additional 64,020 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Stock Performance

MTUM stock traded up $3.42 during trading on Wednesday, reaching $204.74. The company had a trading volume of 995,076 shares. iShares MSCI USA Momentum Factor ETF has a twelve month low of $81.37 and a twelve month high of $113.60. The company has a market cap of $11.09 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. The firm has a 50-day simple moving average of $201.17 and a 200-day simple moving average of $193.80.

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.