Goldstein Advisors LLC Reduces Stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM)

Goldstein Advisors LLC trimmed its stake in iShares MSCI USA Momentum Factor ETF (BATS:MTUM) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,256 shares of the company’s stock after selling 200 shares during the quarter. Goldstein Advisors LLC’s holdings in iShares MSCI USA Momentum Factor ETF were worth $1,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted 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 valued at $1,120,677,000 after buying an additional 229,231 shares in the last quarter. Assetmark Inc. lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 3.9% during the 4th quarter. Assetmark Inc. now owns 1,646,261 shares of the company’s stock valued at $258,282,000 after buying an additional 61,978 shares in the last quarter. Blue Trust Inc. lifted 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 valued at $232,257,000 after buying an additional 207,306 shares in the last quarter. Savant Capital LLC lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 10.0% during the 4th quarter. Savant Capital LLC now owns 1,108,786 shares of the company’s stock valued at $173,957,000 after buying an additional 100,463 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of iShares MSCI USA Momentum Factor ETF by 4.3% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 819,829 shares of the company’s stock valued at $128,623,000 after buying an additional 33,816 shares in the last quarter.

iShares MSCI USA Momentum Factor ETF Trading Down 0.8 %

Shares of MTUM stock traded down $1.66 during trading on Friday, reaching $195.99. 500,830 shares of the company’s stock traded hands. iShares MSCI USA Momentum Factor ETF has a 1 year low of $81.37 and a 1 year high of $113.60. The company has a market capitalization of $10.61 billion, a P/E ratio of 18.53 and a beta of 1.10. The firm’s 50-day moving average is $192.75 and its 200 day moving average is $186.91.

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.