Franklin Resources Inc. Sells 70 Shares of iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Franklin Resources Inc. reduced its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,278 shares of the company’s stock after selling 70 shares during the quarter. Franklin Resources Inc. owned about 0.10% of iShares MSCI USA Momentum Factor ETF worth $11,551,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MTUM. MinichMacGregor Wealth Management LLC lifted its position in shares of iShares MSCI USA Momentum Factor ETF by 3.9% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,676 shares of the company’s stock worth $340,000 after purchasing an additional 63 shares during the period. GDS Wealth Management lifted its holdings in iShares MSCI USA Momentum Factor ETF by 3.2% in the third quarter. GDS Wealth Management now owns 2,099 shares of the company’s stock valued at $426,000 after buying an additional 65 shares during the period. Tyche Wealth Partners LLC boosted its position in iShares MSCI USA Momentum Factor ETF by 2.7% during the third quarter. Tyche Wealth Partners LLC now owns 2,533 shares of the company’s stock valued at $514,000 after acquiring an additional 66 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in iShares MSCI USA Momentum Factor ETF by 0.6% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 11,140 shares of the company’s stock worth $2,259,000 after acquiring an additional 66 shares during the period. Finally, Eagle Strategies LLC raised its position in shares of iShares MSCI USA Momentum Factor ETF by 2.6% in the 3rd quarter. Eagle Strategies LLC now owns 3,024 shares of the company’s stock worth $613,000 after acquiring an additional 77 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

Shares of iShares MSCI USA Momentum Factor ETF stock opened at $209.11 on Friday. The stock’s 50-day moving average is $210.61 and its 200 day moving average is $200.33. iShares MSCI USA Momentum Factor ETF has a one year low of $81.37 and a one year high of $113.60. The firm has a market cap of $11.32 billion, a price-to-earnings 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.