PNC Financial Services Group Inc. Sells 33,955 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

PNC Financial Services Group Inc. lowered its holdings in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 509,421 shares of the company’s stock after selling 33,955 shares during the quarter. PNC Financial Services Group Inc. owned 0.94% of iShares MSCI USA Momentum Factor ETF worth $103,290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Aviance Capital Partners LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $203,000. EQ LLC bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $201,000. Accredited Investors Inc. bought a new stake in iShares MSCI USA Momentum Factor ETF during the third quarter worth about $200,000. Straight Path Wealth Management grew its stake in iShares MSCI USA Momentum Factor ETF by 0.5% during the third quarter. Straight Path Wealth Management now owns 62,935 shares of the company’s stock worth $12,761,000 after buying an additional 335 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its stake in iShares MSCI USA Momentum Factor ETF by 10.0% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 6,797 shares of the company’s stock worth $1,378,000 after buying an additional 617 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Up 0.8 %

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $210.99 on Wednesday. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. 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 moving average price is $204.50 and its two-hundred day moving average price is $195.91.

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.