iShares MSCI USA Momentum Factor ETF (BATS:MTUM) Shares Sold by Family Asset Management LLC

Family Asset Management LLC lowered its position in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 50.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,329 shares of the company’s stock after selling 2,388 shares during the period. Family Asset Management LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV increased its holdings in shares of iShares MSCI USA Momentum Factor ETF by 5.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,545,629 shares of the company’s stock valued at $914,424,000 after purchasing an additional 317,802 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,913,845 shares of the company’s stock worth $965,864,000 after acquiring an additional 277,017 shares in the last quarter. Invst LLC acquired a new stake in shares of iShares MSCI USA Momentum Factor ETF in the 3rd quarter worth approximately $24,213,000. Assetmark Inc. increased its stake in iShares MSCI USA Momentum Factor ETF by 9.5% in the 3rd quarter. Assetmark Inc. now owns 1,584,283 shares of the company’s stock valued at $221,324,000 after purchasing an additional 137,311 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in iShares MSCI USA Momentum Factor ETF by 36.3% during the third quarter. Royal Bank of Canada now owns 509,623 shares of the company’s stock worth $71,195,000 after purchasing an additional 135,609 shares during the last quarter.

iShares MSCI USA Momentum Factor ETF Price Performance

iShares MSCI USA Momentum Factor ETF stock traded down $0.11 during trading hours on Wednesday, hitting $183.65. The stock had a trading volume of 1,636,421 shares. The stock has a market capitalization of $9.94 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 stock’s fifty day moving average is $183.59 and its two-hundred day moving average is $166.75.

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.